CPM Gold Trade Recommendation
Time Stamp
Prices as of 1:45 p.m. EST 20 February 2026 $5,082.60 (Basis the April 2026 Comex contract).
Recommendation: Buy
Initial Target Price / Range: $5,400
Initial Timeframe: 23 February 2026 to 6 March 2026
Stop Loss: $4,850
Gold price volatility is expected to continue in a highly unsettled economic and political landscape. Prices still are vulnerable to downward spikes, although CPM sees prices are more inclined to move higher, next week and in the weeks and months beyond.
This Trade Recommendation has an initial objective of $5,225, although a spike to and a target of $5,400 or higher could occur.
Gold could run to $5,500 or higher in short order. There are plenty of political and economic problems that could trigger such a spike. There also are tight physical markets with investors continuing to load up on ETFs. Technical patterns also point to such a possibility.
On the downside gold remains vulnerable to a spike much lower, with $4,800 in the near term, and possibly even lower in the second and third quarters, depending on political and economic developments.
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.
