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GOLD
Gold: Goldman Sachs Predicts Major Upside Through 2026
Key Takeaways (30s Read)
Goldman Sachs predicts gold prices will reach $4,900/oz by 2026, driven by structural demand.
Goldman Sachs has a bullish outlook on gold, forecasting it to reach $4,900/oz by 2026 due to strong structural demand. The current price near $4,375.17 has shown resilience, bouncing back after a dip below the 100-hour moving average at $4,319. Sustained trading above this average is crucial for maintaining upward momentum, targeting key resistance at $4,381.84 for potential advancement toward $4,500 and psychological milestones nearing $5,000. However, a decisive move below the 100-hour and 200-hour averages could signal a bearish shift. Overall, the demand from central banks reinforces the importance of these technical levels.
AI Analyst
AI Opinion
"Goldman Sachs's forecast emphasizes the long-term bullish case for gold, driven by structural demand from central banks. Given the trends observed in the market, gold's potential to reach levels of $4,600 and $4,900 appears plausible as long as the upward momentum is maintained. Market participants should closely monitor critical technical levels while being cautious of potential sell signals that might indicate a shift. Effective risk management will be vital if a bearish trend emerges in the short term."
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