Gold prices can go lower, but Bank of America suggests buying the dip and averaging down

Bank of America’s technical analysts say gold’s current correction could extend further, suggesting downside risk remains. They simultaneously frame potential lower prices as a buying opportunity, indicating a more cautious but opportunity-driven stance rather than a full bearish shift.

Analysis

Bank of America’s technical analysts say gold’s current correction could extend further, suggesting downside risk remains. They simultaneously frame potential lower prices as a buying opportunity, indicating a more cautious but opportunity-driven stance rather than a full bearish shift.