CPM Gold Trade Recommendation
Time Stamp
Prices as of 10:46 a.m. EST 2 April 2026 $4,715.30 (Basis the June 2026 Comex contract).
Recommendation: Stand Aside
Initial Target Price / Range: $4,100 - $4,850
Initial Timeframe: 2 April 2026 to 17 April 2026
Stop Loss: NA
Gold prices dropped to a low of $4,580.40 Thursday morning trading. CPM had issued a Gold Buy Trade Recommendation on Tuesday, when prices were $4,712.60. We placed a close-in stop loss level given the volatility and weakness in prices. This stop was at $4,625, broken this morning.
CPM is issuing a stand-aside Trade Recommendation today. While there are many reasons for gold prices to rise, and CPM expects them to in the weeks and months ahead, there is heightened uncertainty and volatility across financial markets today. Gold and other precious metals have fallen, suggesting a perception of a reduction of risks, perhaps coming after President Trump’s rambling 19-minute statement Wednesday evening. Equity markets also have fallen sharply, however, which would suggest financial markets do not expect Trump’s comments about ending the war within three weeks solves any of the problems the attack on Iran has caused.
In this uncertain market space and time, standing aside to see how low gold prices may fall before resuming any buying seems the most logical approach.
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.
