Latest Gold Price Forecast & Predictions
Gold Price Now:
USD
$1,783.45
0.00
0.00%
Recent Changes
| Period | 2 Days | 3 Days | 1 Week | 2 Weeks | 1 Month |
|---|---|---|---|---|---|
| Change | +0.62% | +0.37% | -0.51% | -3.39% | -1.89% |
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: November 30, 2021
Gold Forecast Short Term
Sideways
Price Drivers for next 6 weeks:
US dollar, inflation, Fed taper schedule, covid varient newsGold Forecast 1 Year
Bullish: $1990
Medium-term price drivers:
US dollar, stock market crash will pull/keep metals rom rocketing higher, GDX break below 31 support, real interest rates.Gold Forecast 3 Years
Bullish: $2,765
Long-term price drivers:
US dollar, fed monetary debasement, economic slowdown, weaker stock performance, but persistently negative real yields.Featured Gold Price Forecasts
Let’s start today’s analysis with a question that I just received:
Now that gold, silver and the miners are oversold, what kind of a bounce do you expect? Why not take profits and re-short at a higher level?
Well, I’m fine with everyone using my opinions on the market in any way they see fit (as long as they are not viewed as “investment advice”, that is). This means that one is free to take profits now and re-open the short positions at higher levels after a rebound… that is, if a rebound does indeed take place and one is realistically able to get back in their short positions at higher prices.
The question starts with an assumption that gold, silver, and miners are oversold, and that I expect a bounce.
But are they indeed oversold?
The Stochastic Indicator based on gold (lower part of the above chart) moved below 20, so it is in the oversold territory, but the RSI (upper part of the chart) is slightly above 40, and only levels below 30 are viewed as oversold.
Is the Stochastic Indicator reliable enough to trigger a rebound on its own? Well, it might or might not be the case. In...
Recapping Last Week
Last week's action saw gold forming its high in Monday's session, here doing so with the tag of the 1853.00 figure. From there, a sharp decline was seen into Wednesday's session, with the metal dropping all the way down to a low of 1780.00 - before bouncing off the same into the weekly close. Note: we now move to the February, 2022 contract for our numbers.
Gold Market, Short-Term
For the near-term action, as mentioned last weekend the downward phase of the 10 cycle was deemed to be in force, with the additional weakness off the top now favoring the same to also be true for the larger 20-day wave.
The chart below shows the smaller 10-day component:
With the above said and noted, the next short-term trough should now come from the combination of 10 and 20-day cycles. In terms of time, these waves are each at some 17 trading days along, which is in the back-end range for a 10-day bottom - and the early-end window for a trough with the larger 20-day component.
Once the next 10 and 20-day cycle combination bottom is complete, then gold should see a quick rally of a few days, though with at least the potential for something bigger to play out. In terms of price, the probabilities should favor the next upward phase of these waves to see a quick rally back to the 9-day moving average, at minimum.
More Gold Price Forecasts
Precious metal plummeted on Monday after Biden reappointed Powell to the Fed. Prices are dropping into a cycle low and should find support in the coming days. Sentiment may finally be shifting in golds favor. I see the potential for a strong snapback rally heading into...
With Fed Chairman Jerome Powell officially reappointed for a second term and Fed Governor Lael Brainard promoted to Vice-Chair, the chess pieces are now in place atop the FOMC. However, with inflation surging and the Fed materially behind the curve, the central bank...
Last week's action saw Gold forming its high in Tuesday's session, here doing so with the tag of the 1879.50 figure. From there, the metal turned weaker into late-week, here dropping down to a Friday low of 1844.20 - before bouncing just slightly off the same into the...
Contrary to yesterday’s long analysis, today’s issue is going to be rather short, as nothing really happened on the precious metals market yesterday. The thing that did happen was the USD Index moving higher.
The Fed continues to inject liquidity as inflation hits 30-year highs (likely a policy error). Consumer Sentiment fell to a 10-year low as inflation reaches 30-year highs. Precious metals and miners could be on the verge of a major breakout heading into 2022.
Gold prices have languished after spiking to new all-time highs in 2020. The Fed's transitory inflation story is dead, as inflation spikes to 30-year highs. Some estimate the Fed's favorite measure of inflation (PCE) could double from 3.5% to around 7.0% in 2022.
Last week's action saw gold forming its low for the week with Wednesday's fed day, with the metal dropping all the way down to a bottom of 1758.50. From there, a firm push higher was seen into late-week, here running all the way up to a Friday peak of 1820.10 - before...
All eyes are now on the Federal Reserve meeting this Wednesday at 2 pm eastern time. Why is the pending meeting so important? Because the Fed is expected to announce the tapering of its $120 billion per month bond-buying program, which began at the onset of the...
Last week's action was choppy into mid-week, with the metal forming its high for the week in Wednesday's session, here doing so with the tag of the 1812.70 figure. From there, a sharp decline was seen into early-day Friday, with the metal dropping all the way down to a...
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...
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...
According to the Talmud you should keep one-third of your assets each in land, business interests, and gold.
Latest Gold Analysis
