Gold has stabilized around $4,400 per ounce following a period of severe volatility influenced by geopolitical tensions. Previously, gold prices had plummeted from a historical high of $5,000 per ounce to $4,250. Analyst Rashad Hajiyev predicts that gold prices will consolidate in the short term before potentially rebounding to around $4,700 per ounce, followed by another pullback and a rebound within the next 6-8 weeks. He maintains a long-term bullish outlook with a target price of $5,500 per ounce.