Opinion: The sharp decline in gold prices is a bull market correction, not a trend reversal.

CycleProphet · 2026-01-30T10:51:12+00:00

Recently, the prices of spot gold, silver, and platinum have fallen sharply, mainly due to short-term profit-taking and technical corrections. Analysts believe that this rapid decline is a bull market adjustment rather than a trend reversal, and there is still potential for an upward move in the future. Investors should pay attention to correction opportunities but remain cautious of short-term volatility risks.

CycleProphet

2026-01-30 10:51:12

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Deep Tide TechFlow News, on January 30th, according to Jin10 Data, spot gold continues to decline, breaking below $5000 per ounce, down over 7%. Spot silver drops more than 17%, falling below the $100 per ounce mark; spot platinum declines over 16%, approaching $2211 per ounce. Wu Zewei, a special researcher at SuShang Bank, analyzed that the main reasons are the consolidation of short-term profit-taking and technical corrections. This sharp drop is more likely an adjustment within a bull market rather than a trend reversal. He stated that the core support logic of this gold bull market remains unchanged: first, the expectation of Fed rate cuts within the year still exists; second, global geopolitical risks persist; third, the long-term trend of central banks increasing gold holdings remains unchanged. “After sufficient consolidation, gold prices still have broad upward potential in the medium to long term,” Wu Zewei said. Investors can focus on the opportunities brought by the correction for positioning, but should be cautious of short-term high volatility risks.

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