Why I'm optimistic about the gold price
An incredible performance over the past few years could have further to run, according to independent analyst Alistair Strang.
22nd July 2025 07:50
We’re struggling to find an appropriate word to describe the way gold prices are behaving. In our rather cynical report six weeks ago, we commented:
In a spiteful attempt to prove us wrong, the price of gold managed to close at $3,433 and $3,401 on the 13th and 16th June, then fall back as if aghast at its temerity. Our inclination is to regard this as a display from the market which proved our trigger level can indeed be exceeded.
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If the story intends to unfold in accordance with usual behaviour, either the second or third closing price forage above this trigger should be the one which provokes some “proper” upward travel. This being the case, our suspicion is either for intraday movement next above $3,447 or (if playing safe) market closure above $3,412 as being reasonable trigger levels to anticipate movement now to an initial $3,535 with our secondary, if bettered, at $3,676.
To expand on this outlook, we already suspect $3,676 and above is scheduled for gold, the only problem remaining being one of timeframes.
From a chart perspective, things are certainly optimistic, the metal needing below $3,320 before facing a potential meltdown to an initial $3,227 with our secondary, if broken, at a very possible bounce point at $3,147.
For now, we’re optimistic.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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