Gold Forecast for 2026 End
Gold prices has been on a roller coaster ride since January 2026. Gold tested 5600$ in January and below 4000$ before July 2026. Gold prices crashed nearly 30% from its peak level in less than 6 months and now continuing to trade with extreme volatility. Gold prices were lower in February due to correction which was long over due but extreme pressure came in March when US and Iran war started.
Crude oil prices rose from 70$ to 120$ and market tuned 180 degree from 3 rate cuts in 2026 to 3 rate hike by fed in 2026. We have already seen one rate hike in September which was modest 25 bps rate hike. However only inflation is not the only concern for Fed.
US Bond Yields are firing full cylinder since July 2026 , US 30Y Yield tested 5.5% and kept going up. Its highest 30Y yield since 2004. That time US debt was less than 25% of current $40 Trillion. Its going to be a wild holiday session this year as US bond continue to rise and markets are pricing more rate hike by Fed.
Gold prices are continue to feel pressure of higher energy prices and higher bonds. But I think this pressure is temporary. Higher energy and bond will result in havoc economy in upcoming months which should give gold prices enough boost. Currently gold prices are in weak zone on our chart but I feel gold’s downside is limited or not enough to justify selling on these levels. Gold closed 4280.
So should we go ahead and buy gold as we expect gold prices to test 5000$ in upcoming months ? That is a little more complicated than that. I expect gold prices to continue trading in small trading zone till we see major data this month. NFP and Inflation data are due this month which would provide another insight in US economy. While US & Iran issue is biggest hurdle in gold higher prices.
Even if US renewed its bombing after mid term ( this is hinted by Trump ) I expect gold prices to test around 4000-3900. Its very difficult to see gold prices going below 3900 as of now. Of course this could change as market progress. But I see limited downside and this downside is attributed to Iran US aggression and higher energy prices.
However , Upside has much better selling point. We are in highly bullish Stock Market since Trump took office. Nasdaq is comfortably trading above 30000 for multiple trading sessions. However , Since March 2026, Inflation concerns are getting bigger and bigger. Ultimately these prices will reflect in economy and we should be seeing these reflection in gold prices as well.
I will update more on my Youtube channel regarding that. So make sure to subscribe
Current resistance stands at 4380-4400$ zone. Once we close above these levels , I expect smooth sailing upto 4600-4800 very soon. However we are still in weak zone till we are not closing above 4400$ so keep that in mind.
Join my Whatsapp Channel & Telegram Channel for latest news & updates