Latest Gold Price Forecast & Predictions
Gold Price Now:
USD
$1,754.86
0.00
0.00%
Recent Changes
| Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
|---|---|---|---|---|---|
| Change | 0.00% | -0.20% | -2.10% | -3.89% | -1.51% |
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: September 15, 2021
Gold Forecast Short Term
Bullish
Price Drivers for next 6 weeks:
US dollar, GDX gold miners support at 30, Covid surge and stock weakness.Gold Forecast 1 Year
Bullish: $2,100
Medium-term price drivers:
US dollar, stock market crash will pull/keep metals rom rocketing higher, retest of 2011 all-time high, real interest rates.Gold Forecast 3 Years
Bullish: $2,700
Long-term price drivers:
US dollar, central bank monetary debasement. Bull: persistent negative real rates and significant M2 growth. Bear: investor allocations going to bitcoin.Featured Gold Price Forecasts
Recapping Last Week
Last week's action saw gold spiking higher into Tuesday's session, here running all the way up to a peak of 1810.60. From there, however, a sharp decline was seen into later in the week, with the metal dropping down to a Thursday low of 1745.50 - before bouncing slightly into Friday.
Gold, Short-Term Picture
For the near-term picture, as mentioned last weekend the downward phase of the 10 and 20-day cycles was deemed to be in force for the gold market, with the next short-term bottom expected to come from the same.
The chart below again shows the smaller 10-day wave:
From last weekend: "Support to the current correction phase looks to be at or into the 1738-1776 region, which encompasses the 38-61% retracement of the prior swing up, but with a key focus on the 1757-1776 level inside this range. In terms of time, the next key date range of focus is the September 15-16 reversal date area, which - if lower lows are seen into the same - may be primed...
Two Sides of the Same Coin
With the Delta variant decelerating U.S. economic momentum, the chorus proclaiming ‘peak growth’ is growing louder by the day. And as the colder months approach and outdoor activities fail to stimulate consumer spending, economists have sounded the alarm on the U.S. economic Renaissance.
Case in point: Goldman Sachs has reduced its third-quarter GDP growth estimate three times, and the investment bank expects Q4 and full-year 2022 to come in weaker than expected.
Please see below:
To explain, the blue bars above track Goldman Sachs’ GDP growth estimates, while the red bars above track economists’ consensus estimates. If you analyze the columns labeled “Q4” and “Full Year 2022,” you can see that Goldman Sachs expects a sharper-than-expected slowdown in the autumn months, and the weakness should persist into 2022.
Alongside, economists’ consensus estimates for the third and fourth quarters have also come...
More Gold Price Forecasts
For the very short-term, the downward phase of the 10 and 20-day cycles is deemed to be back in force with the recent action. In terms of time, the 10-day wave is 7 trading days along, with the larger 20-day component now 23 days along - with the overall combination of...
On Friday, gold soared based on the surprisingly weak jobs report. This week, gold declined over 1.5x as much as it rallied on Friday, and it happened based on… no news announcement.
Gold is trading within a giant consolidation pattern. We will look for clues as per which direction the consolidation will eventually resolve based on two key trigger levels: a break above $1,917 would signal a continuation of the 2015 – 2020 bull market, whereas a...
Last week's trading saw Gold forming its low in Tuesday's session, here doing so with the tag of the 1803.40 figure. From there, strength was seen into later in the week, with the metal pushing all the way up to a Friday high of 1836.90. For the five-day period, Gold...
The August employment report came in at just 235,000 jobs versus the expected 730,000 by economists. Gold jumped over the potential for a weakening economy and delayed Fed tapering. A sustained breakout above $1840 in September would be considered bullish.
Last week's trading saw Gold forming its low in Monday's session, here doing so with the tag of the 1778.00 figure. From there, a firm push higher was seen into later in the week, with the metal running up to a Friday peak of 1821.90 - also ending the day and week at...
I could write a nice lengthy introduction today, but it seems that there’s only one question on your mind right now, so I’ll quickly address it instead. Has the outlook for gold, silver, and mining stocks become bullish because of yesterday’s rally? My answer is: no,...
Last week's trading saw gold forming its high in Tuesday's session, here doing so with the tag of the 1797.60 figure. From there, a sideways-to-down consolidation was seen into a Thursday low of 1774.60 - before bouncing slightly off the same into Friday, managing to...
The intermediate cycle in gold (chart below) has formed turning points roughly every 128-calendar days (4.2-months). That cycle just turned again, triggering an intermediate low on August 9, 2021. Gold must now stay above that low to prevent a breakdown to the $1500 to...
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
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...
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...
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...
Gold is perfect for use in coins and jewelry as it does not react with air or water like many other metals.
Latest Gold Analysis
