CPM Trade Signal - September 17, 2026
(Opinion) CPM Gold Trade Recommendation
Time Stamp
Prices as of 1:08 p.m. EDT 17 September 2026 $4,403.40 (Basis the December 2026 Comex contract).
Recommendation: Buy
Initial Target Price / Range: $4,590
Initial Timeframe: 17 September 2026 to 2 October 2026
Stop Loss: $4,270
Following the Fed’s decision yesterday gold prices fell below $4,300, but have since moved back to moving on either side of $4,400. Gold prices have been in a declining trend since 25 August, when prices peaked at $4,755. In CPM’s view this trend appears to be turning. Prices have managed to hold above support levels over the past several days, this week. Technicals appear to be gradually trending higher. This coupled with fundamentals and everything that is happening politically around the world could begin to push prices sharply higher in the months ahead. Can prices still fall in the very near term? Yes, but if they don’t then there is the possibility of potentially missing a large run up in prices.
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