$10,000 gold still in play? Market watchers hold firm despite bullion bear market slide

Gold's sharp selloff appears to have pushed the metal into bear-market territory, a meaningful near-term negative for commodity allocations. However, several market veterans remain committed to ambitious long-term price forecasts, creating a divergence between short-term technical weakness and longer-term bullish convictions; monitor positioning in bullion, gold ETFs and miners for trading or rebalancing opportunities.

Analysis

Gold's sharp selloff appears to have pushed the metal into bear-market territory, a meaningful near-term negative for commodity allocations. However, several market veterans remain committed to ambitious long-term price forecasts, creating a divergence between short-term technical weakness and longer-term bullish convictions; monitor positioning in bullion, gold ETFs and miners for trading or rebalancing opportunities.