Submitted Mar 5, 2024|From goldpriceforecast.com

The market buys on rumors and sells on facts – even if they are positive. But if the facts are negative… Then the market sells substantially, and the price declines significantly. The recent rally can most likely be attributed to the rumor that the ...

Submitted Feb 28, 2024|From goldpriceforecast.com|1 comment

Another day, another decline in the miners. But given what’s happening in gold and stock futures, there’s more to come. Yesterday’s session brought us a small, profitable daily decline in the mining stocks. After verifying their breakdown, miners ...

Submitted Feb 26, 2024|From goldpriceforecast.com

After moving higher on Friday, the gold price disappoints today. What’s going on? Which move is real? There was no major news on either day (Friday or today), so the odds are that the price moves were of a technical nature. I wrote about that in my ...

Submitted Feb 15, 2024|From goldpriceforecast.com

Yes, it could be a process and not a sharp U-turn. And we’re likely seeing the start thereof. Gold price (precisely: gold futures) moved lower yesterday, and it even moved temporarily below $2,000. Gold ended the day a few dollars above the $2k ...

Submitted Feb 13, 2024|From goldpriceforecast.com

In real (inflation-adjusted) dollars, both gold and silver peaked in 1980. We'll look at charts for the two metals and discuss their applicability to current price expectations. Silver first. The first chart for silver is a history for the past ...

Submitted Feb 1, 2024|From goldpriceforecast.com

Forecasting gold prices is not that difficult if you focus on the right things. The key is knowing what they are. Many people are interested in commodity prices, but very few people know that in order to predict the prices of gold, it’s great to ...

Submitted Jan 25, 2024|From oilpriceforecast.com

Defense of the support zone, proximity to the upper line of the channel, and candle formation. How did this affect the bulls? During the last week, we could observe an interesting game between market participants, which ended with a change of the ...

Submitted Jan 22, 2024|From goldpriceforecast.com

“Whites lead yellow” is one of the sayings about the precious metals market. And the white – silver – is down. That saying describes one of the rules of thumb for the precious metals sector – that silver can be indicating something for gold. There ...

Submitted Jan 10, 2024|From goldpriceforecast.com

…only after further, significant loss of U.S. dollar purchasing power. We are currently in the midst of the latest round of projections for new highs in the gold price. Those projections are more the result of anxious anticipation and elevated ...

Submitted Jan 8, 2024|From goldpriceforecast.com

In my Friday’s intraday Alert, I wrote that the post nonfarm-payroll rally wasn’t here to stay. It didn’t. As is always the case, it’s a good idea to check for previous analogous situations before claiming that “this move” is real or fake. This ...

Submitted Jan 3, 2024|From goldpriceforecast.com

They say that the first session of the year is a good predictor of the entire year. Can it be really that profitable? It can. On the first trading day of the year, the markets agreed with pretty much everything we wrote recently, suggesting that ...

Submitted Dec 28, 2023|From goldpriceforecast.com

Gold and miners rallied yesterday, but that was not the key action that happened. The key events happened in the USDX. Let’s still start with the former. Gold moved higher despite their two daily reversals, which was an unlikely move. It happened as ...

Submitted Dec 27, 2023|From goldpriceforecast.com

This year-end is rich in reversals in gold. And yet, so many people fail to see them, blinded by bullish bias… The most recent one formed… Yesterday. And the previous one on the previous trading day. chart In both cases, gold made attempts to ...

Submitted Dec 19, 2023|From goldpriceforecast.com

Gold price didn’t do much yesterday, but USD’s comeback above the 61.8% Fibonacci retracement has major implications for it. There are times when gold and the USD Index move in the same direction, but in the vast majority of cases, they move in ...

Submitted Dec 18, 2023|From goldpriceforecast.com

Did you notice what happened in gold, miners, and stocks at the end of Friday’s session? It was small and huge at the same time. Small because the size of the price moves that we saw in the final hour of trading was nothing to write home about per ...

Submitted Dec 7, 2023|From goldpriceforecast.com

Some say that war never changes, and in some aspects, that’s true. But markets’ reactions to war are also remarkably similar. What I’m going to start today’s analysis with is not something you’ll read in many places. Usually, analysts are either ...

Submitted Nov 22, 2023|From goldpriceforecast.com

Gold is trying so hard to move above $2,000… The dramatic attempt gets many heads turning, but… It doesn’t look good. It doesn’t look good because gold is pretty much the only part of the precious metals market that’s been moving much higher ...

Submitted Nov 13, 2023|From goldpriceforecast.com

Miners just plunged, and they did right after tricking the news-chasers. Fortunately, you knew what to focus on. You knew (at least, if you read my previous analyses) that the rally that was likely to follow the surprising employment numbers most ...

Submitted Nov 9, 2023|From goldpriceforecast.com

Miners’ rally failed, gold’s upward momentum is broken, and the USDX appears to have bottomed. Very interesting times ahead! Let’s start today’s discussion with GDXJ’s short-term charts, as that’s where we see the most interesting action. While the ...

Submitted Nov 8, 2023|From goldpriceforecast.com

As the concern with geopolitics peaked, so did gold price. Silver and mining follow. Are you prepared for the likely outcome? In my yesterday’s analysis, I wrote the following about gold: Gold made a few attempts to move above the all-important ...