CPM Gold Trade Recommendation
Time Stamp
Prices as of 3:50 p.m. EST 23 March 2026 $4,404.00 (Basis the April 2026 Comex contract).
Recommendation: Buy
Initial Target Price / Range: $4,850
Initial Timeframe: 24 March 2026 to 31 March 2026
Stop Loss: $4,300
Gold prices continued their sell-off on Monday 23 March, dropping as low as $4,100 before quickly rebounding to around $4,400.
Gold did not fall on its own: Petroleum, silver, platinum, and palladium all fell sharply while stocks and bond prices rose sharply. The occasion seemed to be a reaction to President Trump claiming that he had had constructive discussions with Iranian leaders, and thus was backing off from his threats and deadline regarding heavier bombing of Iranian infrastructure. This was enough to trigger heavy selling of oil and precious metals and equally heavy buying in stocks and bonds.
Iran denied any such talks, and there were no other indications that such talks had occurred, leading many market participants and others to suspect Trump was not being honest but rather finding an excuse for backing off from his bluster. This fits into other comments by Trump that indicate he is looking to back out of his war, find an excuse to ‘wind down’ the military hostilities.
Assuming this is an accurate assessment of the situation, gold and other precious metals should be expected to remain at elevated price levels.
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.
