Gold Forecast

Latest Gold Forecast Articles

Gold slipped to the 200-day MA ($1,306.20) on Tuesday but quickly found support. Prices now need to break above $1,320 to promote a crucial 6-month low. We alerted members and entered initial positions before Tuesday’s close. Gold prices may have bottomed May 1st
The gold market is in the process of forming a cycle bottom, though whether that low is yet in place remains speculation at the present time - and with that we are patiently awaiting confirmation of the same. As mentioned in some recent articles, the main cycle t
As mentioned in a prior article, the month of May looks to be a key timeframe for the Gold market, with several key time cycles that we track looking for a semi-important bottom. There are also two key turning point and reversal dates for May, with the first of thes
Finally we have movement in the precious metals sector…but unfortunately for gold price cheerleaders, the movement was in the ‘inflation trade’. If you are looking for excitement about gold during inflationary phases, please look elsewhere because my articles a
The gold price had another ho-hum week as it nests above the 50 day moving average and the area where the 200 day moving average meets lateral support at roughly 1300. The trends by both of these daily moving averages are up, MACD is up triggered and positive and RSI is
Last week amid continued volatile whipsaw action in US and global stock markets gold continued to hang around at the 50 day moving average, basically going nowhere. This is as it should be with the counter-cyclical metal that pays no dividend and has no default risk
Last week Gold continued its grinding trend toward a favorable alignment in its Commitments of Traders (CoT), as large Specs got less long and Commercials less short. This is not an outstanding configuration but when considering the muted state of the little guy (small
We have repeatedly noted that gold and especially the gold stock sector are dependent upon a counter-cyclical risk ‘off’ backdrop for the best of any bull phase that may be out ahead. Since mid-2016 the macro backdrop has been anything but risk ‘off’. Not coincident
Last week we discussed the reasons that the gold sector is not a ‘buy’ during inflationary phases where risk ‘on’ items from commodities to emerging markets to broad stock markets are also rising with the inflationary tide. With a recent tamping down of inflation si
Gold Prices This Week and Next Week’s Outlook Inflation is Not the Right fundamental backdrop for the gold sector. Despite much analysis to the contrary, history shows that sure, gold stocks can rise during inflationary phases, but that sooner or later the ero

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