Gold Price Dip May Be Short-Lived: Here’s Why a Rally Could Follow

A leading analyst warns gold's recent volatility masks imminent upward pressure, forecasting a sharp rebound despite current geopolitical headwinds suppressing prices. The expert's model signals a potential 10% correction is a temporary setup before a powerful surge to new highs, with key indicators pointing to a major recovery phase in the coming weeks.

Gold Price Forecast: New Details About Asset’s Recovery Revealed

Gold price has been showing a fluctuating stance as of late, where its price continues to decay at a time when it’s supposed to shoot up. Wars are generally bullish for gold, but the current US-Iran war involves an oil price spike, which is sparking inflation fears in the market. This development may push the Fed to keep the interest rates higher, bolstering the dollar in the process. When the USD becomes stronger, the demand for gold lowers organically, which is what keeps the yellow metal grounded for now.

However, gold price has shown greater resilience, eyeing new highs, despite its volatile price stance. Per Rashad Hajiyev, gold may currently use March and April to recover fully before walking on a path to embrace a new high in May 2026.

I believe the reminder of March and the entire April, gold is going to recover recent decline. Gold could likely test all time high early May… pic.twitter.com/zLerds9Tu8

Gold’s Momentum Ahead

Hajiyev also shared another striking forecast for gold, adding how the asset may jump to sit at $8K around July 2026, with buyers backing the asset in every way.

Gold's broken 5-month triangle formation could find resolution late April or early May 2026.
But first, buyers need to push gold back into formation. I think the breakout from this formation in 4-5 weeks could take gold to $8k plus target by July 2026… pic.twitter.com/NfqHLKdYhl