According to CoinMeta, as reported by Seeking Alpha, gold is within a wedge pattern at $4,000, and central banks as well as real interest rates will influence the next breakout. On January 29th of this year, in the COMEX futures market, the price of gold soared to $5,600 per ounce. Since then, there has been a pullback in gold prices, which are currently at $4,000. Analysts revealed that they hold favorable long positions in XAUUSD assets, including stocks, options, or other derivatives.