Gold, in tandem with silver, is expected to move higher over the next 30 days reaching 2077 (+/- 1%) as Commercial Traders accumulate short positions for a move down to 1758 prior to moving higher.
Gold: In Alignment
In overnight trading on August 12, 2020 at 00:31 gold hit a low of 1876.50 and is still in alignment with the engrbytrade gold model structure. Gold is expected to trade below 1900 before moving higher to a range of 2400 by mid-October 2020.
Gold: Decline and Setup
Final structural calculations indicate gold is expected to decline to $1860 (+/- $10) by August 18, 2020 (+/- 1 trading day). This decline will setup the next move for a push to $2300 by October 2020.
Gold: Long Term Move
Long term calculations indicate gold is on track to continue moving significantly higher going into 2021. It is expected to reach a peak of 4000 (+/- 2.5%) during the first quarter of 2021.
Note:
As the price of gold continues to move upward, the Federal Reserve will realize that inflation has started moving exponentially higher and will not respond to their short-term actions. This will force the Fed to raise interest rates to extremely high levels, resulting in a collapse of the bond market.
Gold: Steady Pace Upward
Based on price structures developed between April and June, gold is expected to start moving higher at a steady pace during the next three months. An accelerated move to the upside should occur between October 2020 and February 2021. Additional information will be provided in the coming weeks.
Gold: Brief Decline
As expected, Commercial Futures Traders have adjusted their positions in preparation for a brief decline going into July 6, 2020 (+/-1 trading day) where gold is expected to reach a price target of 1639 (+/- 1%) prior to moving above 1765. After reaching 1639, a long term move will start and ultimately reach a peak of 4000 (+/- 2.5%) during the first quarter of 2021.
Gold: Next Turning Point
At this point gold should fluctuate within a range of 1727 to 1639 until the first week of July. The current structure and acceleration rate indicates a turning point should occur on July 6, 2020 (+/-1 trading day) where gold is expected to reach a price target of 1639 (+/- 1%) prior to moving above 1765. Preliminary calculations also indicate the gold timeline has been compressed significantly with a parabolic move starting slowly after July 2020 and reaching a peak of 4000 (+/- 2.5%) during the first quarter of 2021.
Gold: Declining with the Dow
Gold has been setup at this point to decline in tandem with the Dow going into the end of June. This decline is expected to take gold down to 1530 (+/-1%) by July 1, 2020. Upon completing this decline, structural data indicates gold is expected to continue moving well beyond 1700 in 2020.
Gold: Precious Metal Shortage
Based on Commercial Trader actions, gold is expected to have a brief pullback in May. This will be followed by a steady climb to $2450 (+/- 3%) by mid-summer where it will pause before moving higher into 2021. Initial estimates show gold reaching $4000 by the first quarter of 2021. Watch for shortages of gold and silver.
See: COVID-19 mining shutdowns
Gold and Silver: 2020
The latest engrbytrade gold and silver model pricing timelines are decreasing at a rapid rate as the Federal Reserve continues to inject trillions of dollars into the financial system. The Federal Reserve has chosen a path that will force hard asset prices to move significantly higher by mid-2020. The first level expected for gold is in the $2450 range and silver in the $100 range. Volatility will increase as demand for gold and silver accelerates.
Gold: Under Accumulation
Commercial Traders have been accumulating gold through a series of declines since 2015. Another decline is expected during April – May 2020 and will provide Commercial Traders with the opportunity to continue their long-term gold accumulation process. Current calculations indicate this decline is expected to take gold down to the 1287 level before moving beyond 1700.
Gold: Constructing a Foundation
On March 15, 2020, it was noted below that Commercial Traders pushed gold quickly to the downside on March 12-13, 2020 to reach a closing price of $1529.75. Gold stayed within in a nominal range of 1460 to 1560 for six trading days before moving up quickly in the futures market to a level of 1699.15 at 7:53 p.m. on March 24, 2020. This move is in alignment with a review of price structures covering the last twelve months that indicate a very large foundation is being constructed for gold. This structural work is required to take the price of gold to a level five times higher than what is currently listed on the exchanges. A preliminary timeline estimate for this project is three to four years. In the interim, you will see unusually high volatility with events such as the latest rush to buy when prices are decoupling between paper and physical markets.
Gold: Early Decline
Commercial Traders pushed gold to the downside on March 12-13, 2020 to reach a closing price of $1529.75. This move was previously expected to be complete by the first week of April, as noted on February 29, 2020. Gold is now expected to return to $1690 (+/-2%) by April 17, 2020 in preparation for a move to the $2,100 range by November, 2020. Long term preliminary calculations show gold should reach $4000 by January 2022. Volatility will increase as the price moves higher.
Gold: 2/29/20 Update
Commercial Traders came within 3% of the projected $1720 with a daily high of $1659 on February 24, 2020. Based on gold sales used to cover stock market margin calls and Commercial Traders gold short positions, a decline in gold is expected to align with the Dow’s decline going into the first week of April. After this decline, gold is expected to continue its move to higher levels.
Gold: 2/22/20 Update
Commercial traders accelerated their schedule with a closing gold price of 1619.63 on February 21, 2020. Based on the current engrbytrade gold model structure estimate, gold is on a trajectory to rise rapidly in 2021 resulting in a peak that is projected to reach $4,600 by the first quarter of 2022. This accelerated pace indicates Commercial Traders will drive prices exponentially higher as time progresses and the peak projected in 2022 will need to move higher. As of February 22, 2020, the gold price points shown below are expected in 2020. Adjustments will be made as needed to align with Commercial Trader activity and increasing volatility.
$1720 : April 23, 2020
$1630 : May 11, 2020
$1830 : August, 12, 2020
$1600 : September 21, 2020
$1890 : December 31, 2020
Gold: Trading Range Low
As noted on 1/6/20, gold hit the $1570 mark on January 5, 2020 at 6.01 p.m. (EST) and was on a path to move sideways in a relatively narrow trading range until mid-February before moving higher into mid-August. On February 4, 2020 Commercial Traders accelerated their schedule by dropping gold $23.83 to 1552.91, near the low end of its short term trading range. Today (February 5, 2020), the engrbytrade gold trading model indicates gold is expected to stay within 1% of the February 4, 2020 closing price before moving up to $1750 by March 19, 2020 (+/- 1 day).
Gold & Silver Trend
Palladium is providing a preview of what will occur with Gold and Silver. On August 16, 2018 palladium hit a low of 815.20 and is currently above 2300. Recent structures in palladium, gold and silver indicate the acceleration rates for gold and silver will continue to increase. By April 2021, this will place gold near the $4600 mark while silver peaks near $89. Gold is still expected to move sideways in a relatively narrow trading range until mid to late February before moving higher.
Gold: 1st Quarter Update
Gold hit the $1570 mark on January 5, 2020 at 6.01 p.m. EST. From this point gold is expected to move sideways in a relatively narrow trading range until mid-February before moving higher.
Gold & Silver Projection for 2021
As noted on November 23, 2019, the current rate of change for gold brought its price within 1% of the $1570 ($1554.30-$1585.70) price target today with a high of $1556.05 at 1:39 p.m. EST. If the current rate of acceleration continues, gold and silver are expected to reach $4,400 and $50, respectively by mid-2021.
Gold: Long Term
Gold price structure data from 2018-2019 and futures trading data from 2013-2019 indicates international financiers plan to move the price of gold upward using an average rate of 20% per year until 2028. Price structure data received over the next two years is expected to reinforce this outlook.
Gold in 2020
Gold trading data from mid-October through mid-November revised the engrbytrade gold model™ calculation to show a rate of change along the current structural timeline that would place gold on the $1570 (+/-1%) mark by January 3, 2020. Based on the current structure and rate of acceleration, gold is expected to reach $1770 by August 2020.
Gold’s Current Structure
The current gold price structure was identified based on calculations showing Commercial Futures Traders plans to move prices much higher over the next several years. Preliminary calculations indicate the structural design and acceleration rate of its price should move the value over $4000 before December 2021. Note that forecast adjustments will be made as needed to compensate for Commercial Traders actions during this move up to 2021. In addition to expectations for 2021, work is in progress to confirm a significantly higher price that is projected for 2028.
2019 Gold
The engrbytrade gold model™ shows a move upward is expected to start next week. Calculations indicate that gold will hit $1716 (+/-1.5%) by December 31, 2019.
Gold: Update
Following up with the “Gold vs Liquidity” entry on 9/22/19, the final CME October 2019 Gold Futures price today was 1495.90. This close was well within the 1% range noted on 9/22/19. Watch the price move higher going into December 2019.
Gold’s Next Move
The September 25, 2019 final CME Gold Futures settlement price was 1512.90. This was within 1% of 1498 (1483.02-1512.98) projected on September 22, 2019. Preliminary data from an update of the gold computer model indicates a near-term peak of 1675 (+/-1%) is expected on December 11, 2019 (+/- 1 trading day).