Gold Price Forecast Based on Big Data Analytics: Returns up to 3.0% in 7 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: 7 Days (9/16/2020 – 9/23/2020)
I Know First Average: 7.11%
4 out of 4 top stock picks from the algorithm decreased as predicted for this 7 Days forecasting period. CME_GC1 saw monumental price change of 3.0% in just 7 Days. XAU, and GLD also had excellent performances with returns of 4.7% and 4.72% 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.