Gold Forecast Based on a Self-learning Algorithm: Returns up to 0.29% in 3 Days

Gold Forecast

This Gold forecast is part of the Commodities Package, one of I Know First’s algorithmic trading solutions. This package gives Gold 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 (10/21/2020 – 10/24/2020)
I Know First Average: 0.32%
Gold Forecast

2 out of 2 top stock picks from the algorithm decreased as predicted for this 3 Days forecasting period. XAU saw monumental price change of 0.29% in just 3 Days. GLD, and ###CVSTABLE1-RANK3-SYM### also had excellent performances with returns of 0.34% and ###CVSTABLE1-RANK3-RET###% 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. 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.

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 2 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.

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