Gold Outlook Based on Pattern Recognition: Returns up to 0.66% in 3 Days

Gold Outlook

This Gold forecast is part of the Commodities Package, one of I Know First’s algorithmic trading solutions. This package gives Gold Outlook predictions for Gold and other precious metals for the various forecasted time frames and includes our algorithmic outlook for:

  • Gold ETF (GLD) direction
  • Physical Gold (XAU) direction
  • Silver (XAG) direction

Gold Forecast
Package Name: Gold Forecast
Forecast Length: 3 Days (6/18/2021 – 6/21/2021)
I Know First Average: 0.13%
Gold Outlook

2 out of 3 top stock picks from the I Know First’s algorithm decreased as predicted for this 3 Days forecasting period. GLD saw monumental price change of 0.66% in just 3 Days. XAG, and XAU also had excellent performances with returns of 0.5% and 0.56% respectively. Finally, good returns could also come from short positions held on the rest of successfully predicted assets, providing positive gains over the same forecast period.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 3 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position. Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.