Gold Forecast

Latest Gold Forecast Articles

Short-Term Gold For the near-term, the next move for the gold market should be a rally with the 34-day time cycle, which is into extended range for a bottom: In terms of time, the 34-day cycle is now well into extended territory for a rally to materialize, a r
Gold’s bottoming attempt following the 2015 low of $1,045 per ounce has failed to maintain a price structure indicative of a rising trend. Consequently, the odds have now shifted significantly that precious metals will not be in a bull market for the foreseeable fut
Let’s take a look at gold priced in oil (WTI Crude), the Dow and US dollars: Above, is gold priced in oil from 1983 to now. Price has moved in a large channel before it broke out at the end of 2014. This is really significant given the importance of oil in the cu
Gold's Short-Term Cycles From the comments made in my last article, the 10 and 20-day cycles looked to have topped at the most recent swing high of 1244.90 - with the confirmation of the same being a reversal below the 1220.30 figure (December, 2018 contract). With t
The persistent 3-month decline in gold cut much deeper than I anticipated. As the cycle extended, gold broke key levels at $1280, and $1238. That gave the bears a voice, and we see renewed calls for a bear market and imminent collapse. I remain firmly bullish on the
The 2-month assault on gold seems never-ending. Investors (including myself) have exceeded their breaking point. From a sentiment point of view, nearly everyone is bearish. I’ve seen this scenario play out many times. I can assure you, prices will find a bottom...if
Last week's trading saw gold forming its high for the week in Monday's session, here doing so with the tag of the 1266.90 figure. From there, a chop to the downside was seen into late-week, with the metal dropping all the way down to a Friday low of 1236.20 - before
With the mid-term trend still pointing lower, gold prices continued to push to lower lows into last week, with the metal dropping all the way down to a Thursday bottom of 1262.40 - before bouncing slightly off the same into the weekly close. The Short-Term Cycles
With the action seen last week, gold is holding in a consolidation pattern at the present time, with the same expected to give way to an eventual up-cycle phase into mid-to-late Summer. Having said that, no larger turn has been confirmed, putting us in 'wait-and-see
Gold is in a primary recovery pattern as it attempts to break above its 2016 peak of $1,378 per ounce. This recovery pattern appears over and over again throughout history – the success or failure of gold to maintain the structure of this pattern will pave the way f

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