2025 is an extremely favorable year for the "upside" side in the gold market, when the price of Comex gold futures has increased by about 1,700 USD since the beginning of the year. So will the upcoming new year continue to favor this precious metal?
With gold's price increase this year forecast to be the largest ever, it would be a very high expectation if the gold price movement in 2026 was considered stronger than in 2025. However, no one can predict anything - especially in the effort to analyze and forecast prices of commodity markets.
Jim Wyckoff - senior analyst at Kitco said that long-term gold price charts have become parabols in trading terms, meaning price movements on the monthly candle chart are almost going up. This shows that, in terms of time, gold's multi-year price increase cycle may be closer to the final stage than the first stage.
However, the climax of a large commodity market could still see strong upward explosions before the real uptrend ends.
Jim Wyckoff has made some trend-based gold price forecasts for the 2026 time points, based on the trend lines drawn from the continuous week chart of the Comex gold futures contract for the near term.
It should be noted that this is just a reference and illustrative analysis, more suggestive than a basis for making specific trading or investment decisions. In other words, the possibility of these forecast prices appearing accurately at the above times is not high; this is mainly an experimental analysis.
Prospects for 2026
Early February: $4,475/ounce.
Early May: $5,180/ounce.
Early August: $5,857/ounce.
Late in December: $6,893/ounce.
Despite giving detailed forecasts, Jim Wyckoff warned investors to not bet their entire fortune on these figures.
At the same time, this expert also pointed out a rare phenomenon: silver leads gold. In more than 40 years of reporting on commodities, including metals, Jim Wyckoff cannot remember the time when gold traders closely followed the silver market to find the current daily price orientation signal. Jim Wyckoff believes the situation will continue for the next few weeks.
Overall, Jim Wyckoff remains bullish on gold and silver in the long term, based on long-term technical factors that are still positive.
However, the silver market can now be considered to have increased too strongly and is likely to enter the accumulation phase, temporarily nghiuring after the recent record price increase. If silver prices adjust down significantly, gold will follow the same direction.
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