Latest Gold Price Forecast & Predictions
Gold Price Now:
USD
$3,337.96
-11.36
-0.34%
Recent Changes
| Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
|---|---|---|---|---|---|
| Change | -0.34% | +0.09% | -0.37% | -1.08% | -0.40% |
Gold Price Forecasts - Analyst Predictions
Gold-Eagle has been analyzing gold markets and publishing gold price forecasts for over 23 years. Our staff and contributing analysts include world reknowned precious metal experts and market analysts. The gold price forecast data below represents the average predictions of a diverse panel of expert gold market analysts. Their assessments of gold price trends are based on a variety of methods including: expert technical analysis, market fundamentals, current market sentiment, and an analysis of global economic and political events. Bookmark and/or link to this page to check back every week. Updated every Monday am.
Last Updated: February 07, 2025
Gold Forecast Short Term
Sideways
Price Drivers for next 6 weeks:
resistance at $3,000, markets & geopolitical uncertaintyGold Forecast 1 Year
Bullish: $3,550
Medium-term price drivers:
US dollar, bear market in stocks and recession, investor sentimentGold Forecast 3 Years
Bullish: $5,500
Long-term price drivers:
US dollar, trade wars, central bank monetary debasement, geopolitical uncertaintyFeatured Gold Price Forecasts
As mentioned in my last article in mid-July, Gold was looking for a rally to play out into August, before turning south for another low into the mid-to-late September timeframe. From there, a very strong rally is expected to play out, ideally lasting into early next year - before a larger-degree peak forms with most major markets.
Gold's 10-Day Cycle
For the very short-term, the next low is due to form, coming from our 10-day wave, and which is due to form here at anytime. Here again is our 10-day cycle for Gold:
A low with this 10-day wave into the current timeframe - if seen - would favor the next rally phase of this wave to play out into August 20th or later. From there, another turn south would likely play out into August 25th, plus or minus, where another 10-day trough would be due - before turning higher for another upward phase with this wave into the early-September window.
The 34-Day Gold Cycle
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The large bull Pennant consolidation pattern in gold that has been building out for almost 4 months from mid-April is now approaching completion as we can see on its 6-month chart below and with a seasonally bullish time of year drawing near an upside breakout from this pattern is a fast growing probability and it could happen soon. The resistance marking the upper boundary of the consolidation is in the $3450 - $3500 zone and it is thus clear that a break above the April highs at $3500 should mark the start of the next upleg. The duration of the Pennant has allowed time for the overbought condition on the MACD indicator to fully unwind with it looking set to trend higher again shortly and also for the rising 200-day moving average to closet he gap with the price, all of these developments setting gold up renewed advance.
We can get around the fact that volume and volume indicators are not now shown on Stockcharts charts for gold by looking at a chart for reliable gold proxy SPDR Gold Shares for the same time period, 6-months. Although the chart is similar to gold’s as we would expect, it is different in that rather than a Pennant forming, the consolidation pattern that has formed is better described as a Cup & Handle continuation pattern whose implications are similar. However the main points to observe on this chart are the bullish volume pattern that has driven the Accumulation line steadily higher which is a reliable indication that an upside breakout is to be expected and with respect to this, there was a big volume buildup on Friday which drove the Accumulation line to new highs which might be the precursor to a breakout.
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More Gold Price Forecasts
The odds of a September rate cut are rising sharply following Friday’s surprisingly weak payroll report. The Bureau of Labor Statistics reported just 73,000 jobs added in July, with the unemployment rate ticking up to 4.2%. However, the biggest shock came from major...
As mentioned in past months, Gold formed a key peak back in mid-April, doing so at the 3537.80 figure (August, 2025 contract). From there, a correction was seen into mid-May, with the metal dropping down to an eventual low of 3151.20 - before consolidating the...
With the action seen in recent months, Gold formed a peak back in mid-April, doing so at the 3537.80 figure (August, 2025 contract). From there, a sharp decline was seen into mid-May, with the metal dropping down to an eventual low of 3151.20 - before rallying back...
A correction in gold and related assets could materialize once the dollar finds support, particularly if geopolitical tensions subside. Until then, the market remains vulnerable to volatility, and traders should approach with caution. Timing the turn won't be easy,...
The precious metals sector is showing increasing bullish momentum, with silver, platinum, and mining stocks breaking out in recent weeks. These moves point to a likely intermediate cycle low for gold on April 7th. If this cycle count is accurate, we’re now eight...
Gold surged from $2,100 to $3,500 in just over a year and is now undergoing a healthy correction. Historically, such overbought conditions often lead to pullbacks of 20% or more, supporting our $2,800 price target.
With the action seen over the past month, Gold ran up to make its high for the swing back in late-April, here doing so with the tag of the 3509.90 figure (June, 2025 contract). From there, a sharp decline was seen, with the metal dropping down to a low of 3123.30...
Gold is undergoing a correction after peaking at $3,500 in our April timing window. Our Gold Cycle Indicator reached maximum cycle topping — a rare occurrence that tends to appear only once every few years.
Gold surged above the upper band of its 10-month EMA envelope in April, signaling the potential start of a multi-month consolidation phase.
Gold Price Forecast FAQ
How do you forecast the price of gold?
Predicting gold prices can be said to be both a science and an art. For example, analysis of gold supply and demand is scientific and completely objective whereas aspects of technical and sentiment analysis of the current gold market can be more of an art as it relies on the skills and perspective of the gold analyst.
Generally speaking, when the focus of the gold forecast is longer term then analysis of the fundamentals, ie scientific analysis, comes to the fore.
For shorter-term predictions of gold prices, the price of gold in the coming weeks and perhaps few months, technical analysis of past and current gold prices, market trends, as well as current market sentiment can be more actionable predictors. Here, the fundamentals can still play a role but generally serve more as background details.
What are the key factors for long term gold forecasts?
When forecasting what may happen to the price of gold longer term, there are many things to consider including economic trends, the impact of current and expected monetary policy, QE, debt monetization, and the aggregate impact on future currency valuation.
Does the price of gold go up when the stock market goes down?
The price of gold is often negatively correlated to the stock markets. When the markets go down, gold prices usually go up. However, this is not always true. Sometimes the price of gold and stocks both go up and down in unison. Fundamental factors play an important role and need to be carefully analyzed. Historically, however, the price of gold is not tied to the fluctuations of stock and bonds. This is one of the chief reasons when one should have gold in their portfolio – to protect the long-term value of your investments.
Does the value of the US dollar predict the price of gold?
As gold is traditionally quoted in US dollars, the price of gold is negatively correlated to the strength of the USD. The weaker the US dollar, the cheaper it is to purchase gold. Therefore, if economic factors predict a strengthening of the US dollar then this will tend to drop the price of gold, and vice-versa. According to the statistics (since 1973), the long-term correlation between the U.S. dollar index and the gold prices is -0.6 so this link is quite strong.
How do US interest rates impact future gold prices?
The level of US interest rates is an important driver of future gold prices. When investing in gold, the investor is faced with the opportunity cost of gold - a non-interest bearing asset. The higher the US interest rate for holding US dollars or investing in Treasuries, the higher the opportunity cost of holding gold. It is more likely, therefore, that a rally in the price of gold will be forecasted the lower the US benchmark interest rate.
Gold Forecast Analysts
Technical Analysis Expert & Editor @ GoldPredict.com
AG Thorson is a registered CMT through the MTA and an recognized expert in technical analysis of the precious metals markets. He is also the Editor of GoldPredict.com where members receive daily updates and regularly scheduled reports 3-days a w More...
Chief Analyst & Founder @ iGold Advisor
Christopher Aaron began his career as an intelligence analyst for the CIA and Department of Defense. He served two tours to Afghanistan and Iraq between 2006 - 2009, conducting pattern-of-life mapping for military leaders.Mapping shares similarities More...
CFA, Editor & Founder @ Sunshine Profits
Przemyslaw Radomski, CFA, is the founder, owner and the main editor of SunshineProfits.com. You can reach Przemyslaw at: http://www.sunshineprofits.com/help/contact-us/. More...
Gold is impervious to rust.
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