Latest Gold Price Forecast & Predictions
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: April 27, 2022
Gold Forecast Short Term
Sideways
Price Drivers for next 6 weeks:
US dollar, May 4 Fed meeting, inflation and shortages, war in Ukraine,
Gold Forecast 1 Year
Bullish: $2,100
Medium-term price drivers:
US dollar, inflation data, real yields, and weakening stock market. Whether the Fed is forced to do a dovish pivot in the face of a decelerating economy.Gold Forecast 3 Years
Bullish: $2,650
Long-term price drivers:
US dollar, fed monetary debasement, persistently negative real rates, competition with bitcoin as alternative money.Featured Gold Price Forecasts
Practically everything that I wrote yesterday either happened in tune with that or it remains up-to-date, so today’s technical part will be rather brief.
In short, gold reversed yesterday’s decline after almost touching its previous 2022 lows, and at the same time, it practically erased the entire war-tension-based rally – just like it was supposed to.
Gold ended the day only $5.80 higher, but the important thing is that it reversed at all. Gold’s RSI also bounced off the 30 level, which can be viewed as a buy signal on its own.
Junior miners were up by almost 1% yesterday, about 3 times more than gold. They continue to show strength, and our long...
Recapping Last week
Last week's trading saw Gold forming its high in Monday's session, here doing so with the tag of the 1885.60 figure. From there, a sharp decline was seen into late-week, with the metal dropping down to a Friday low of 1797.20 - before bouncing slightly off the same to end the week.
Gold Cycles, Short-Term
For the very short-term, the downward phase of the smaller 10 and 20-day cycles is currently deemed to be in force, though are into bottoming range. The chart below shows the smaller of these waves, the 10-day component:
With the recent action, our current upside 'reversal point' for the 10 and 20-day waves is set at intraday push back above the 1865.00 figure (June, 2022 contract) - a number which could continue to drop going forward, depending on the action, with the most current numbers always posted in our Gold Wave Trader market report.
Stepping back slightly, from whatever bottom that is seen with the 10 and 20-day waves,...
More Gold Price Forecasts
The Federal Reserve hiked rates 50 basis points last week. Powell took a 0.75% hike off the table and implied 0.50% hikes in June and July. Markets reacted higher initially but rolled over on Thursday and into Friday. There is a good chance we will see continued market...
Friday’s analysis took a rather extensive form, so now I’ll briefly introduce today’s technical part. Practically everything that I wrote about the medium-term (bearish) outlook for the precious metals sector remains up-to-date. Only the short-term situation was...
Recapping Last week
Last week's trading saw Gold dropping sharply to start the week, with the metal
Last week's trading saw Gold once again forming its high in Monday's session, here doing so with the tag of the 1935.50 figure. From there, a sharp decline was seen into Thursday, with the metal dropping all the way down to a low of 1870.90 - before bouncing off the...
With the GDXJ ETF suffering a mild drawdown on Apr. 27, the recent rout has calmed for the time being. However, with the medium-term fundamental outlook remaining profoundly bearish, the junior miners and the S&P 500 are fighting a losing battle.
Last week's trading saw Gold forming its high in Monday's session, here doing so with the spike up to the 2003.00 figure. From there, a sharp decline was seen into later in the week, with the metal dropping all the way down to a Friday low of 1928.00 - before bouncing...
Our ratio is on buy signal. Trend is up for the dollar. Trend is up for gold stocks. Trend for gold is up. The multi year “cup with handle” is in progress. A breakout this week.
The key things that I described in last week’s flagship analysis (posted on Thursday) remain up-to-date, but there are a few specific comments that I would like to make today about Friday’s session.
Last week's trading saw gold forming its low in Wednesday's session, here doing so with the tag of the 1916.20 figure. From there, a good rally was seen into later in the week, with the metal hitting a late-Friday high of 1952.20 - before backing slightly off the same...
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...
Seventy-five percent of all gold in circulation has been extracted since 1910
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