CPM Gold Trade Recommendation
Time Stamp
Prices as of 10:18 a.m. EST 10 June 2026 $4,192.50 (Basis the August 2026 Comex contract).
Recommendation: Buy
Initial Target Price / Range: $4,350
Initial Timeframe: 10 June 2026 to 24 June 2026
Stop Loss: $4,100
Gold prices have fallen from an intraday high of $4,627.10 at the end of May to an intraday low of $4,152 today before recovering. On a technical basis, gold prices have been weak and trending lower since the second week of May. While prices remain technically weak, fundamentally there is much going on in the world economically and politically that remains supportive of gold prices. Gold prices have not been this low since 23 March of this year and before then since late November 2025. This could suggest that prices may reverse soon on opportunity buying. There is scope for prices to head lower still, but it seems there is more potential for upside. Further declines in prices could be short-lived. There are any number of headlines that could cause prices to rally, as has been seen in the past.
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.
