Gold's 50-day moving average is approaching a crossover below its 200-day moving average...However, historical data suggest the signal has not consistently been bearish.
Naturally, bottoms need confirmation. Gold needs to take out $4,400. Better still, it needs to break above $4,700. Above $4,800 and we are fully confirmed for a bottom.
So there we are, half the year but a memoir. Our deMeadville analytics are indicative of higher Gold near-term, supported (just maybe) by a little waffling as to Fed direction.
As gold mean reverts higher, American gold-futures speculators and stock investors have room to chase gold higher. Overdue weaker stock markets out of this epic AI bubble would accelerate that.
My view is that only a significant re-escalation in the Iran war and a prolonged re-escalation in the Iran War will cause a crash below $2800/$3500, the social media analysts forecast.
Ira Epstein covers the current state of the metal markets in his wrap-up, noting mixed performances and potential bottoming out trends, particularly in gold.
The World Gold Council published results from its 2026 Central Bank Gold Reserves Survey, highlighting unanimous positive gold sentiment within the central bank community.
