CPM Gold Trade Recommendation
Time Stamp
Prices as of 4:00 p.m. EST 30 January 2026 $4,893.61 (Basis the April 2026 Comex contract).
Recommendation: Buu
Initial Target Price / Range: $5,200
Initial Timeframe: 2 February 2026 to 6 February 2026
Stop Loss: $4,700
Gold prices rose to a record price of $5,586.20 intraday on 29 January, the first delivery date for the active February Comex gold futures contract. The price for the now active April Comex futures contract fell $761.20 to as low as $4,825 the next day, today 30 January.
The $761.20 decline in gold prices is seen by CPM as a short-term profit-taking move, likely to be replaced by a rebound in gold prices in the first week of February.
Several exogenous events added to the impulse to take profits in gold as well as other precious and base metals. Aluminum fell more than $100 per ton, for example. A tentative agreement to providing funding to avoid another U.S. government shutdown Thursday night provided some relief from the chaos, risks, and uncertainties that have led investors worldwide to buy gold and other metals. That tentative agreement looked less than settled Friday.
Risk aversion is expected to revive in the ultra-short term next week.
CPM has one-month, three-month ranges and eight-quarter quarterly price projections with greater discussion of the factors behind CPM’s analyses provided in CPM’s monthly subscription service, the Precious Metals Advisory.
While short-term trade recommendations provide high risk – high reward opportunities for investors, it is difficult to capture the complex web of factors affecting precious metals prices and the nuanced CPM analyses of these factors that goes into our firm’s price projections. In addition to these short-term outlooks, CPM Group provides clients enhanced trade recommendations that include one and three month price projections, as part of our Retail Investor Program. Contact CPM at info@cpmgroup.com for details.
Notes:
Initial Target Prices and Timeframes are just that: Initial. If CPM does not issue a new Recommendation during or after that time it indicates that CPM maintains the posture in the most recent Trade Recommendation. Position may be closed out once target price is reached, within the noted discretion or until CPM provides new trade recommendation. CPM may have reported to have closed out of prior trade recommendation at its discretion before publicly publishing new trade recommendation due to processing time.
Discretion should be allowed at +/- 0.20% of the price at the time each TR is issued from the target.
CPM’s preferred investment strategies use physical, futures, forwards, and options.
