CPM Gold Trade Recommendation
Time Stamp
Prices as of 12:24 p.m. EDT 7 August 2026 $4,399 (Basis the October 2026 Comex contract).
Recommendation: Buy
Initial Target Price / Range: $4,600
Initial Timeframe: 7 August 2026 to 21 August 2026
Stop Loss: $4,280
Gold prices seem to have broken the downward trend line a few days ago and are now in an upward trend. However, gold faces resistance and there is scope for a quick reversal on profit-taking. Volatility is picking up as political events and economic data also become increasingly volatile.
Recent low employment figures for the U.S. suggest that there is scope for reduced inflation going forward. This in turn could point to lower interest rates. This said, there is an ongoing conflict in the Middel East between the U.S. and Iran that is overall putting upward pressure on energy prices and supporting higher inflation. Headline events are expected to continue to turn market sentiment very quickly.
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.
