CPM Gold Trade Recommendation
Time Stamp
Prices as of 3:40 p.m. EDT 16 July 2026 $3,980.40 (Basis the August 2026 Comex contract).
Recommendation: Sell
Initial Target Price / Range: $3,820
Initial Timeframe: 17 July 2026 to 31 July 2026
Stop Loss: $4,090
Gold prices have been making lower lows and lower highs overall since late January this year. On a temporary basis, prices are in a downward trend for the short term and ultra short term. Economic conditions are faring better than expected, inflation eased at least temporarily in June, and there is a supposed ‘ceasefire’ between the U.S. and Iran, although there continues to be on and off fighting between the two countries.
Politically, conditions supportive of gold in the longer term (beyond August) continue to expand. While prices are on a current downtrend, the trend could reverse quickly. Following the trend may make sense for now. This should be done in a way where gains are not reversed, therefore CPM has suggested a stoploss relatively not too far from current prices, given the volatility.
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.
