Goldman Sachs Raises Gold and Silver Price Forecasts

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    Goldman Sachs raised their price forecast for gold…



    [color=red][i][b]Goldman’s inverse logic working again…
    The low today 1280.94 below the low from Tuesday and lowest level since January 25th we are above the 38.2% of the move up from the August 2018 low at $1275.59 and100 day MA at $1267.73. $GS call has put them all sharply in focus..


    [color=orange][size=5][b]Goldman Sachs Gold Update “has room for at least one more rally”
    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.

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