📢 GOLD UPDATE 🔥

​Gold's incredible, record-breaking rally hit a snag on Tuesday, suffering its worst single-day drop in 12 years!

​The historic run cracked as prices fell sharply, largely due to profit-taking and technical signals flashing overbought conditions.

​However, the story is far from over. One prominent private Swiss bank, Lombard Odier, is maintaining a bullish stance. They argue that the correction is a buying opportunity, with long-term factors still heavily supporting the yellow metal:

​Central Bank Demand: Official-sector buying is expected to continue, creating a "higher gold floor."

​Macro Uncertainty: Geopolitical and fiscal risks remain conducive to further gold demand.

​Constrained Supply: Underlying supply-and-demand dynamics remain solid.

​The bank has even raised its 12-month gold price target!

​Is this a healthy correction, or the beginning of a bigger pullback? Time will tell, but the long-term fundamentals still look golden.

​#GOLD_UPDATE #Gold #XAUUSD #PreciousMetals #MarketCorrectionBuyOrHODL