Gold price forecast analysis suggests that bullion remains supported above $2,300/oz as traders track central bank buying and geopolitical risk premiums. Spot prices have consolidated after a sharp rally, with technical charts indicating a possible breakout if US Treasury yields ease further. Gold hit another record high Tuesday morning as investors turn to the traditional safe haven amid a weakening in the U.S. dollar and concerns over a potential government shutdown. While predicting further upside can be tricky, considering the quite literally uncharted territory, current readings from both the Stochastic and RSI oscillators suggest that a price is currently ‘ overbought ’, and due for a retracement towards the trendline. Gold price forecast analysis shows momentum indicators, such as RSI and MACD, leaning towards bullish continuation. Any break above $2,335 may trigger algorithmic buying by commodity funds.