Daily Gold Analysis

Gold (GC) Price Forecast, "GC" to USD price prediction: Buy or sell Gold?
by Gov Capital
Gold Price is 1947.400 USD per ounce today.
1 year Gold (ounce) Forecast: 2207.669 USD *
5 year Gold (ounce) Forecast: 9135.234USD *



bout the Gold commodity forecast


As of 2020 August 23, Sunday current price of Gold is $1947.400 (per ounce) and our data indicates that the commodity price has been in an uptrend for the past 1 year (or since its inception).
Gold has been showing a rising tendency so we believe that similar market segments were very popular in the given time frame.
Our site uses a custom algorithm based on Deep Learning that helps our users to decide if Gold could be a good portfolio addition for the future. These predictions take several variables into account such as volume changes, price changes, market cycles.
Future price of the commodity is predicted at $2207.669 (13.365% ) after a year according to our prediction system.
This means that if you invested 100$ now, your current investment may be worth $113.365on 2021 August 23, Monday.
This means that this commodity is suited as a new addition to your portfolio as trading bullish markets is always a lot easier.
14 days Gold price prediction

2020 Gold Price Forecast, Trends, & 5 Year Predictions
Jeff Clark, Senior Analyst, GoldSilver
Most price forecasts aren’t worth more than an umbrella in a hurricane. There are so many factors, so many ever-changing variables, that even the most educated guess usually misses the mark.
Further, some forecasters base their predictions on one issue. “Interest rates will rise so gold will fall.” That’s not even an accurate statement, let alone a sensible prediction (it’s the real rate that affects gold prices—the rate minus inflation).
So instead, my gold price forecast for 2020 will look at the primary factors that impact the gold market to determine if each is likely to push the price higher or lower this year. I’ll conclude with the probable prices I see based on those factors, as well as some long-term projections.
These are the primary factors that I think will impact the price of gold this year:

1. The US dollar
2. Investment demand
3. Central bank buying
4. Trading volumes on the COMEX
5. Technical indicators
6. New mine supply
7. Coming economic and monetary factors

This will be fun, so let’s jump in!


The US Dollar
The US dollar index (DXY) ended 2019 with its smallest-ever annual move, up just 0.24%. Meanwhile, gold was up 18.8% last year.
Gold and the US dollar are inversely correlated about two-thirds of the time (when one rises the other tends to fall, and vice versa). While global investors do tend to move into the US dollar during periods of uncertainty, that move was muted last year despite, for example, the trade war with China. They instead moved into gold.
If the dollar falls or is flat this year, then the gold price will…

https://s3-us-west-2.amazonaws.com/g...7339106887.jpg

Investment Demand for Physical Gold
Demand for physical metal has been soft in the U.S. for a couple years now. But overall investment demand for gold has surged.
Holdings in gold-backed ETFs have been in a four-year uptrend, as the next chart shows. And notice the surge at the end of 2019.

https://s3-us-west-2.amazonaws.com/g...2-image002.png

Interest in gold from investors is likely to remain high this year, because the reasons they bought gold—to hedge against overvalued markets and insure against the possibility of a recession or crisis—haven’t materialized yet.
Continued ETF demand is likely to push the price of gold…

https://s3-us-west-2.amazonaws.com/g...7339106696.jpg

Central Bank Buying
Central banks around the world hold gold as a reserve asset. If they think they need more, they buy more.
Well, look what they’ve done since 2007.

https://s3-us-west-2.amazonaws.com/g...2-image003.png

Global central banks have been buying gold at an accelerated pace for the past 10 years, and bought even more last year. This is a strong uptrend.
The World Gold Council reports that while the pace of buying may slow, it fully expects buying to continue. And their continued accumulation is a major source of support for the gold price.
Ongoing central bank buying = a gold price that is likely to...

https://s3-us-west-2.amazonaws.com/g...7339106932.jpg

COMEX Trading Volumes
Meanwhile, gold-trading volumes on the COMEX have never been higher.

https://s3-us-west-2.amazonaws.com/g...0-image004.png

Traders at the world’s largest futures market are buying more gold contracts than ever before, a staunchly bullish indicator. And when you buy more than you sell, the price is driven higher.
There’s no indication heightened activity at the COMEX will stop, and if so the gold price will…

https://s3-us-west-2.amazonaws.com/g...7339106979.jpg

Technical Analysis Outlook
Technical analysis is not always reliable, but professional trader Dominick Graziano has amassed a seven-figure brokerage account solely from technical trading. He’s certainly not the only one that observed gold’s breakout from a 6-year trading range last year.

https://s3-us-west-2.amazonaws.com/g...2-image005.png

Many technical indicators tell Dominick to be bullish on the gold price.
In fact, he says, “In the big picture much higher gold prices will come. I’m not sure we will ever see $1,500 again, but I’m confident you’ll never see $1,400 again—if we do I’ll be buying with both hands!”
The technical outlook for 2020 says the gold price is likely to…

https://s3-us-west-2.amazonaws.com/g...7339107023.jpg

New Mine Supply
Most gold analysts recognize that new supply from gold producers is set to decline. The concerning thing about the coming gold supply deficit is that it doesn’t require an outside force to make it happen. It’s locked in. Further, producers can’t easily or quickly increase mine output even if gold prices jump, as you’ll see. This is something I know a little about, having worked in the industry as a mine analyst for a number of years.
Here’s a quick sense of how big the problem is. Industry group MinEx Consulting reported the following sober statistics.

1. In 2012 the gold industry spent $11.8 billion on exploration. In 2019 only $4.4 billion was spent. Obviously if you spend less looking for gold, you’ll find less gold.
2. In the year 2000 there were 42 major gold discoveries (one million ounce deposits or bigger). In 2019 there were only three gold discoveries.
3. In 1985 the average grade of gold mined around the world was 5.17 grams per tonne of ore. In 2017 it was just 1.64 grams/tonne. This implies that the “easy” gold has already been found.
4. The average cost to discover a new gold deposit 30 years ago was $53 million—now it’s $149 million, almost twice the rise in inflation.
5. An estimated $30.9 billion in value was created from gold exploration between 2009 and 2018—but the industry spent $67.5 billion to find that value!

As MinEx concludes, “…the industry is struggling to replace the ounces mined. This has profound implications on the future price of gold.”
If demand rises, and new supply is falling, the gold price will respond to this basic supply/demand equation and…

https://s3-us-west-2.amazonaws.com/g...7339106743.jpg

Coming Economic and Monetary Factors
All of the above reasons are fine and good, but one of the primary reasons we’re overweight gold and silver at this point in history is because of the numerous elevated risks that are present. Mike reviews these in his Top 10 Reasons to Buy Gold and Silver video, which all point to a period that he believes will, sooner or later, propel gold higher.
It is this big-picture backdrop for gold that tells us why investors should buy physical bullion at this time, and why the price will ultimately end up much higher than it is now.
A couple examples of these catalysts would be the bursting of asset bubbles, or a stock market crash. We don’t know that those things will occur this year, but what’s good to know is that gold has historically risen during stock markets crashes, as well as during recessions. It’s one of the best hedges you can hold when stocks enter a bear market or the economy enters a slowdown.
If the stock market reverses or a recession sets in, the gold price is likely to…

https://s3-us-west-2.amazonaws.com/g...7339106792.jpg

What Could Push Gold Down
The primary things that could weigh on gold would be the stock market continuing to soar, and no increase in inflation. If those things happen and the other catalysts are subdued, then gold is likely to:

https://s3-us-west-2.amazonaws.com/g...7433133223.jpg

My 2020 Gold Price Prediction
You can see that in my view most of the factors that impact gold are expected to push the price higher this year.
Add it all up and my 2020 gold price outlook is:

1. Minimum High: $1,700
2. Potential High With No Crisis: $1,800
3. Potential High With Major Crisis: $2,000 (new all-time high)
4. Likelihood the $1,050 Low (12-17-15) for This Cycle Is in: 90%
5. Likelihood Gold Is Higher in 2021: 95%
6. Potential 5-Year High: $3,000 to $8,000

The most important message from this analysis is that even if gold rises only modestly this year, or even takes a dip, it has rarely been more important to own. That means that dips in price should be bought, especially for anyone who doesn’t hold a meaningful amount.
There are many factors, of course, that could impact the gold price in both the short and long term. To learn more about investing in gold and silver and what might be ahead for economies, markets, and currencies, download Mike Maloney's best-selling book for free, Guide to Investing in Gold & Silver.

I like the way that you stack your reasons for long Gold.
For me ....going to wait for the strength in the dollar to subside (so going into the elections will go long- should be some risk on the dollar). But right now Fed turning hawkish - which is not good for gold

Divergence on weekly chart, overbought on monthly chart. Day is consolidating for either resume uptrend or deep correction.

The World Gold Council is the market development organisation for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership, and be the global authority on the gold market.
We are a unique organisation that delivers tangible benefits to the gold industry. We are an active force within the market, working with a large and diverse set of partners to create access, drive innovation and stimulate demand, while providing a collective voice for our members. We provide insights into the international gold markets, helping people to understand the investment qualities of gold and its role in meeting the social and environmental needs of society.
The gold market has undergone significant change over the past two decades, becoming larger, stronger and more widely understood. The World Gold Council has been a key player in many of the initiatives that have driven that change, such as the liberalisation of the gold market in China and the rapid rise of demand in the East. We have also increased recognition of gold as a financial asset across a wide spectrum of market segments, supported by physically-backed gold product innovations.
The World Gold Council has broad experience and deep knowledge of the factors driving market change. This allows us to operate with insight and act with authority in seeking to resolve industry issues, create pro-gold policies and raise standards across the industry. We concentrate on delivering structural change that has long-term impact and are at scale.
In these times of extreme uncertainty and rapid change, we enable nations, investors and households worldwide to protect their financial futures by deploying gold’s unique qualities:

1. The constant of value[1]
2. A highly liquid yet scarce asset
3. A safe haven in uncertain times
4. An uncorrelated risk diversifier
5. A hedge against fiat currency depreciation

Our members are the world’s leading and most forward-thinking gold mining companies. For them, we initiate actions that will underpin their value, protect their reputation and expand their influence. In recent years, we have produced guidance, research and practical tools to allow gold miners to report production costs in a more comprehensive and consistent manner. We have supported them to operate responsibly and with transparency in potentially high risk or conflict-affected areas, and to be able to demonstrate their significant contribution to social and economic development.
Based in the UK, with operations in India, China, Singapore and the US , we are the lead for the gold industry worldwide.

[1] See ‘The Golden Constant: The English and American Experience’

Bigger trading range formed in day chart
2000 to 1850 this was the result of covid19

Im in

In my opinion, XAU/USD is in strong reversal point. It might go up upto 1950 area.
If it breaks the support area, It might go further down

Reached at 1900.00

It's not simple support this was the strong trend line before

Gold moves very fast. And profit positions should be closed soon

I wanna learn this method, what be a benefit for putting many "sell limit" trades?

Monthly candle settlement might be above 1975.
Nice raise up.
Dx RIP.

Yield has been slaughtered tonight...if we get a nice pullback into London-might be going long gold-
to trade into Powell's speech

Hello . Of course, learning is always good. However, this forum is only for sharing analytics. About how our free orders and sales are ?! This is a personal choice and for no particular reason. Good luck to you dear friend



I use this method for analysis:https://www.forexfactory.com/thread/...market-wizards

>

Business can take on a new nature every minute. We should never marry a particular analyst. We must prepare ourselves for any move in the market