Gold could slide to $4,000 as parabolic rally signals peak - BI's McGlone
KITCO·2026-02-04 21:25
Core Viewpoint - The article discusses the current state of gold prices, indicating a potential downside after a parabolic rally, with a focus on testing the $4,000 support level [1][2]. Group 1: Market Analysis - Gold prices have experienced a significant rally, but there are indications that the market may be overheating, leading to a potential correction [1][2]. - The $4,000 support level is highlighted as a critical point for gold prices, suggesting that a test of this level is imminent [1][2]. Group 2: Author Background - The author, Neils Christensen, has over a decade of experience in financial reporting and has worked within the financial sector since 2007 [3].