CPM Gold Trade Recommendation
Time Stamp
Prices as of 1:08 p.m. EDT 17 September 2026 $4,403.40 (Basis the December 2026 Comex contract).
Recommendation: Buy
Initial Target Price / Range: $4,590
Initial Timeframe: 17 September 2026 to 2 October 2026
Stop Loss: $4,270
Following the Fed’s decision yesterday gold prices fell below $4,300, but have since moved back to moving on either side of $4,400. Gold prices have been in a declining trend since 25 August, when prices peaked at $4,755. In CPM’s view this trend appears to be turning. Prices have managed to hold above support levels over the past several days, this week. Technicals appear to be gradually trending higher. This coupled with fundamentals and everything that is happening politically around the world could begin to push prices sharply higher in the months ahead. Can prices still fall in the very near term? Yes, but if they don’t then there is the possibility of potentially missing a large run up in prices.
CPM views is that gold prices move higher in the next several months as the U.S. midterm elections near. This view is supported by everything that is happening around the world, from the U.S. and Iran conflict and its fallout effects to the tariffs, and more. If prices begin to rise sharply higher and surpass the target the Stop Loss could be raised, creating a trailing Stop Loss.
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.
