Goldman Sachs raises average gold price forecast for 2024 to $2180 from $2090. ...Middle East

Goldman Sachs has raised its average gold price forecast for 2024 to $2180 from $2090. The current price is trading at $2161.Looking at the daily chart above, the price of gold extended to a new all-time high last Friday at $2195.15. That run extended above the December 4 high at $2145.64 which is close risk now for buyers. Staying above that level keeps the buyers firmly in control.A lower support area comes between $2064.14 and $2088.48. Those levels correspond with swing highs going back to 2020 (see red number circles on the chart above). Longer-term, moving below that level would likely disappoint the buyers on the break.This week, the price has been trading up and down between a low at

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