Gold Forecast

Latest Gold Forecast Articles

Last week we wrote: Our forecast for this week: Gold should finish the week higher. Any final flush of the weak hands will hit before Wednesday. And by Friday Gold should be up and well into its next big rally. The turn we’ve been waiting for is finally here.
Last week we wrote: Put simply gold is in a kind of “no man’s land.” It is unlikely it will sell off much more - and it is similarly unlikely it will roar higher. Consolidation/bottoming is the name of the game this week. Gold ended the week down 0.77%. Howe
Several factors support an October low. If our analysis is correct, prices should bottom within the next two weeks and begin an accelerated uptrend. Short-term cycles isolate the second week of October. Before we get into specific timing and targets, I'd like to exa
Our last week’s forecast was half right and half wrong. We wrote: The precious metal might have another day or so of weakness early this week as a final “flush” off momentum traders. However, once Gold breaks above $1,300 with conviction (likely by Wednesday morn
In the world of politics—and often economics—perception often becomes reality. We’ve seen that throughout 2017 as changing geopolitical headlines seemed to affect markets one way or the other. And now that politicians in Washington are moving forward on a new tax pl
Last week we forecast that the gold price would correct to $1,300 or so and form a bottom sometime after Wednesday. The primary reasons for this forecast concerned the fact that momentum had turned downwards after gold became sharply overbought and that the Fed
The gold correction we’ve forecast started last week. However, the ongoing geopolitical issues with North Korea have “muddied” the waters. Always remember that gold is a “sentiment” trade. The precious metal has virtually no industrial uses, so the economic
Gold is retesting its 2016 - 2017 consolidation breakout, and the decline seen over the previous two weeks provides an ideal opportunity for precious metals investors to make final purchases before the technical model suggests that 2016 highs will be exceeded for go
It really should be clear that a major international banking crisis is inevitable, and likely to occur fairly soon. Due to the extreme debt levels, many banks are close to that point of failure. An event like a stock market crash is likely to push many banks to t
As we noted in last week’s forecast, gold prices had significant momentum and could overshoot to $1,340 before staging our expected pullback. Gold did overshoot, but instead moved to $1,350. The precious yellow metal is, after all, a sen

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