[Citi lowers short-term gold target price to $3,800, identifying key support at $3,600] According to Chasewind Trading Desk, Citibank released a research report on October 27, revising its 0-3 month gold target price from $4,000 to $3,800, and highlighted the key technical support level at the 100-day moving average of approximately $3,600. The report attributes the downward pressure on gold prices primarily to cooling geopolitical risk expectations and potential selling pressure from significant unrealized gains in the market. Additionally, expectations of a resolution to the U.S. government shutdown have further intensified the shift in gold price momentum. Despite the short-term bearish outlook, Citi emphasized the solid value of gold as a long-term strategic hedging tool and pointed out that the Federal Reserve's policy direction and U.S. economic performance will be critical variables for a potential rebound in gold prices.