Goldman Sachs raised its target price for #黄金 to $5,400 per ounce from $4,900 per ounce yesterday.
A brief review of my public judgment timeline on gold:
① January 18 | 👉 Gold at $4,596 per ounce still has about 10% upside potential, after which it will enter a phase of wide fluctuations.
② January 21 | Updated view 👉 Gold has entered the range of $5,300–$5,500 per ounce; remember to gradually reduce positions.
Now, the target price of $5,400 given by Goldman Sachs happens to fall within the core range I provided in advance.
When mainstream investment banks begin to collectively raise target prices, it often means:
The price logic has been fully discussed
Consensus is forming
Cost-effectiveness in trading is actually decreasing
So what I emphasized in the $5,300–$5,500 range is not 'bearish on gold', but rather: switching from 'trend holding' to 'position management'.
What is truly worth considering next is:
👉 If gold enters a high-level fluctuation, where will the market's risk premium shift?
👉 How long do you think gold will consolidate at a high level? Or will it reverse trend ahead of time?