Indian analyst: The long bull trend of gold remains unchanged, but a pullback may occur in the short term.

Jin10 data reported on September 16th, Renisha Chainani, the research director of Mumbai-based refiner Augmont, stated during the Indian Gold Conference in New Delhi: “The long-term bull run for gold seems unchanged, as demand continues to rise at a faster pace, especially from the Central Bank and ETF. However, gold is currently in the Overbought zone, and a pullback of 5-6% may occur in the short term, followed by consolidation, before rising again in 2026 to set a new high above $4200.”