Gold Price Forecast Based on Stock Prediction Algorithm: Returns up to 16.81% in 1 Year
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: 1 Year (3/15/2019 – 3/16/2020)
I Know First Average: 15.85%
3 out of 3 top stock picks from the algorithm had the trend as predicted for this one year forecasting period. XAU saw a price change of 16.81%, while GLD also had excellent performance with a return of 15.71%. 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.
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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 3 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. Get today’s forecast and Top stock picks.
