Be the first to know when a new trade signal is out! Click here to sign up for e-mail notifications. Initial Target Price / Range: $1,740Gold prices have fallen below CPM Group’s last sell trade recommendation of $1,760. This was part of a broad-based sharp decline Monday morning across currencies, equities, bonds, and commodities ranging from oil to agriculturals to platinum and palladium as well as gold and silver.
CPM maintains a sell recommendation with an initial downside target of $1,740. If gold prices are able to settle below this level a brief drop to $1,720 cannot be ruled out. If prices settle above $1,755, investors are recommended to close out the short position initiated on August 18, with a target price of $1,760.
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.
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