Gold Price Forecast Based on Machine Learning: Returns up to 2.86% in 3 Days
Gold Price Forecast
This Gold forecast is part of the Commodities Package, one of I Know First’s algorithmic trading solutions. This package gives Gold Price Forecast 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
Package Name: Gold Forecast
Forecast Length: 3 Days (3/13/2020 – 3/17/2020)
I Know First Average: 7.6%
4 out of 4 top stock picks from the algorithm decreased as predicted for this 3 Days forecasting period. XAG saw monumental price change of 20.42% in just 3 Days. CME_GC1 and XAU also had good performances with returns of 4.05% and 3.08% respectively. Finally, good returns could also come from short positions held on the rest of successfully predicted assets, providing positive gains over the very same investment forecast time period.
Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.
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How to interpret this diagram
Algorithmic Gold Forecast: The table on the left is the gold and commodity forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 4 gold in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant tickers have been included. The boxes are then 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 that if you are considering the information of this article for trading decisions, you should use the most recent forecast made by the algorithm of I Know First. To get today’s forecast and Top stock picks, please click here.
