Gold (XAU/USD) Price Forecast: Gold RSI Hits 95 as $5,500 Spike Raises 60% Correction Risk
Gold prices have entered a phase of intense debate across financial markets after the metal surged toward the $5,500 per ounce region while long-term momentum indicators reached historically rare levels. Today's gold crash has raised warning signs for precious metals investors.
The latest gold price forecast discussions are increasingly centered on whether the rally reflects a durable structural shift or the late stages of an overheated cycle vulnerable to mean reversion.
The recent gold price movement today reflects heightened volatility rather than a steady upward trend. On Thursday, gold retreated sharply, wiping out earlier gains as buying momentum eased. The spot price fell approximately 4–5% to around $5,165, marking a swift short-term correction after the rapid surge to record highs.