$Gold Nears $4000 as Goldman Sachs Target $4900 by 2026

[Arman Shaban]

By analyzing the #Gold chart on the 1-hour timeframe, we can see that the price continued its strong bullish momentum today and reached $3985.66, marking a new all-time high (ATH)! Gold is now just a step away from the $4000 milestone.
Interestingly, Goldman Sachs has raised its gold price forecast to $4900 by December 2026, which seems realistic given the current bullish trend and the possibility of further interest rate cuts.
The key demand zones are $3943–$3956 and $3898–$3910. So far, there’s no sign of structural weakness in the chart, meaning a major correction isn’t confirmed yet.
This analysis will be updated soon!