According to CoinMeta, TD Securities expects the risk for gold to drop to $4,200 in the short term, with a long-term target of $5,350. The institution pointed out that there has been a decoupling between the weakness of the US dollar and the strength of gold, with the market's re-evaluation of Federal Reserve policies being the main driving factor. Despite the recent weakening of the dollar, gold still faces downward risks in the short term and is expected to fluctuate within the range of $4,200 to $4,700. TD Securities believes that the long-term bull market logic for gold still exists and expects the gold price to reach $5,350 by the third quarter of 2027.