CPM Gold Trade Recommendation
Time Stamp
Prices as of 1:22 p.m. EST 15 May 2026 $4,562.00 (Basis the June 2026 Comex contract).
Recommendation: Sell
Initial Target Price / Range: $4,400
Initial Timeframe: 15 May 2026 to 29 May 2026
Stop Loss: $4,630
After moving in a tight range between 7 May and 14 May, gold prices have come off sharply today. Gold prices had risen to a peak of $4,783.40, during this period of consolidation. A nearly 52-week high in 10-year U.S. bond yields today helped precipitate a decline in assets across the board. It is also common for investors to take profits across the board ahead of the summer months in the Northern Hemisphere. Much of the selling appears to be speculative and may not be so much in the physical market.
There are many investors, most we would say are hesitant to sell their physical gold given all of the economic, financial, and political problems around the world. If anything, many investors are looking to add to their physical gold holdings and appear to be waiting for prices to decline in order to provide a buying opportunity. This could preclude a sharp decline in gold prices. That said, market volatility could rise in the coming weeks, which could push gold prices sharply lower, albeit briefly. If gold breaks below $4,380 the next stop could be $4,200. Given the state of global conditions, market sentiment could turn on a dime, and gold prices could be back above $4,700 very quickly. In the meantime, trading the range could be profitable if timed correctly.
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.
