Gold Price Analysis: Bullish Trend Continues Amid Global Uncertainty

Strong Technical and Fundamental Support

The gold price is maintaining its upward trajectory, supported by both technical indicators and fundamental market sentiment. According to Andy Nugraha from Dupoin Futures Indonesia, the current price movement reflects a strong bullish trend with consistent buying pressure. Key indicators suggest that the momentum remains robust, indicating a high likelihood of continued growth.

Driving Factors Behind Gold's Strength

Several factors are contributing to gold's current strength:

1. Escalating geopolitical tensions are maintaining the risk-off sentiment in global markets
2. Global economic uncertainty is driving investors towards safe-haven assets
3. Central bank demand remains strong, supporting medium-term price stability
4. Federal Reserve's expected rate cuts are creating a favorable environment for gold

Price Projection and Risk Considerations

Analysts project that if the current bullish pressure is maintained, gold prices could reach US$4,650 per troy ounce (approximately Rp77.9 million) in the coming week. However, investors are advised to remain cautious about potential market volatility. Sudden changes in economic data or unexpected statements from central banks could trigger short-term corrections.

Market Outlook

The current market environment continues to favor gold as a safe-haven asset. With ongoing global uncertainties and strong fundamental support, the precious metal is likely to remain in focus for both institutional and retail investors. While potential short-term corrections cannot be ruled out, the overall trend appears to be positive for gold in the medium term.