[Bank of America Warns of Significant Gold Pullback, Recommends Buying in the $3,250 to $3,450 Range] According to a report by Cailian Press, Bank of America's technical strategists have warned that gold faces a significant pullback, with its trend potentially resembling the bear markets of 1980 and 2011, possibly dropping toward $3,315. Bank of America recommends phased buying in the $3,250 to $3,450 range. Analysts pointed out several bearish signals in the current gold price, including a death cross, high net long positions, a top candlestick pattern, TD Sequential exhaustion signals, and an RSI indicator reaching 90.