Goldman Sachs Raises Gold and Silver Price Forecasts

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[color=orange][size=5][b]Goldman Sachs Gold Update “has room for at least one more rally”
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Goldman Sachs technical analysts pushed out an update on their bullish call They suggest uggest adding topside exposure to gold if prices fall into the $1402-$1407 range (spot $1412) for a minimum target of $1465 with the scope for a rise to $1513 and risking no lower than $1386.

“It’s now evident that the market is forming something of a triangle consolidation which is typical in 4th waves. Triangles tend to have five swings in either direction before eventually breaking out in continuation of the previous trend,” analysts write.