Goldman Sachs Raises Gold and Silver Price Forecasts

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  • #20032
    ClemSnide
    Participant

    Goldman Sachs raised their price forecast for gold…

    [article]1405[/article]

    #20075
    MoneyNeverSleeps
    Participant

    [color=red][i][b]Goldman’s inverse logic working again…
    [/b][/i][/color]
    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..

    #21238
    ClemSnide
    Participant

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