Asian physical premiums for gold have risen to $5-$8/oz over global spot, providing fundamental support to the gold price forecast near term. This metric often precedes price appreciation on the COMEX and LBMA exchanges. Bars pattern analysis forecasts a potential bullish target of around $4,365. Investors should also watch key support levels on gold's chart around $3,450, $3,120 and $2,790. The e-mail address: [email] is already subscribed for newsletters. In the technical arena, gold’s 20-day moving average is trending upward toward $2,328, reinforcing the bullish tilt in gold price forecast near term if price closes above the moving average for three consecutive sessions.
