Gold's Bull Run Is Far From OverGoldOANDA:XAUUSDTopgOptionsIf you haven`t bought GOLD before the rally: Why This Healthy Retracement Is the Perfect Buying Opportunity: - Central bank buying remains relentless and structural China, Poland, Uzbekistan and others just posted another massive quarter (244 tonnes in Q1 alone). JPMorgan expects ~800 tonnes of official buying in 2026 — still well above pre-2022 averages. - Major banks are raising targets — aggressively: JPMorgan → $6,300/oz by year-end 2026 (with $5,000–$5,055 average in Q4) Goldman Sachs → $5,400 UBS, Wells Fargo, BofA → all in the $5,900–$6,300 range Every major institution that has commented on the recent pullback sees it as a buying opportunity — not the start of a bear market. The retracement is technically healthy The $4,400–$4,600 zone represents a strong confluence of: Fibonacci levels (38.2%–50%) 200-day EMA Breakout area from late 2025 Analysts across the board (JPM, Wells Fargo, technical desks) identify this exact zone as major support. A hold here sets up a classic higher low, with: Next resistance: $4,800–$5,000 Major target zone: above $5,500 Gold isn’t done. It’s reloading, in my opinion.