Goldman Sachs cuts its forecasts for gold (gold price pops)

Goldman Sachs have lowered their their forecast for the price of gold: 3 month projection is 1250USD

  • 6 months to 1300
  • 12 months to 1325 (was 1450)

(new forecasts via Bloomberg )

The price has just popped above 1208, check the chart out, obvious stop loss clustering just above 1208 take out

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