Gold price forecast near term intra-day price action shows gold

Intra-day price action shows gold finding consistent bids during U.S. trading hours after European pullbacks, an unusual pattern that bolsters the gold price forecast near term for a grind higher into key resistance levels. However, the bullish opening on Wall Street caused the USD to lose some interest and allowed Gold to stretch higher in the American session on Friday. Goldman Sachs Research expects central banks to continue accumulating gold for another three years. Gold price forecast near term is being supported by escalating geopolitical tensions, prompting risk-off flows into safe-haven assets. Data from COMEX shows an uptick in open interest, implying bulls are positioning for a possible breakout above $2,