advertising banner for bullion vault

Gold Price Forecast 2015


Gary Wagner recently gave his gold price forecast 2015.

Terry Kinder precious metals analysisBullion.Directory precious metals analysis 22 December, 2014
By Terry Kinder

Investor, Technical Analyst

Gary Wagner recently gave his gold price forecast 2015. He in fact presents two gold forecasts – one bullish and the other bearish, but in the end leans towards the bearish model. Since there isn’t much to disagree with I present Wagner’s gold price forecast along with a few additional charts and comments, rather than attempting to reinvent the wheel with a forecast from scratch.

Gary Wagner’s Gold Price Forecast 2015: The Bearish Model

the gold forecast banner

Wagner basically lays out two models in his gold price forecast 2015:

1. The bearish case for gold:

  • Higher dollar, higher stock prices, and lower oil prices point to lower gold prices next year
  • Gold price has been making a series of lower highs and lower lows which is bearish for the price of gold
  • The gold price has been unable to break above price resistance
  • One critical area to watch in terms of gold price forecast 2015 is the 61.8% Fibonnacci retracement level at $1,1540.00
  • Other important levels are $1,180.00 – which the gold price just fell through today – and $1,131.00
  • If support fails around $1,131.00 then gold could slip to $959.00 to $1,033.00
  • 2. The bullish case for gold (lower probability than the bearish gold case):

  • Gold price needs to stay above $1,131.00 – $1,154.00
  • Gold price currently within a compression triangle and could test the $1,160.00 level
  • Upon testing $1,160.00 look for price to continue to triangle apex. At that point the gold price would need to move higher coming out of the triangle in order for a more bullish gold price scenario to take place
  • Gold Price Forecast 2015: Gold price has so far stayed above a support line dating back to 2005

    Gold Price Forecast 2015: Gold price has so far stayed above a support line dating back to 2005

    The gold price has managed to stay above a support line dating back to 2005. It appears the line drawn at the triangle apex near $1,300.00 would likely represent significant resistance. Should the gold price manage to drop below the support line dating back to 2005, that would obviously be very bearish for the gold price.

    Gold Price Forecast 2015: A potential gold breakout appears to be failing

    Gold Price Forecast 2015: A potential gold breakout appears to be failing

    Today’s price action in gold, seen above, appears to be potentially very damaging for the gold price prospects in 2015 and appears to confirm Wagner’s gold price forecast 2015.

    A few points worth noting from the chart:

    1. Today’s closing price at $1,175.10 (A) has fallen below the 0.5 Fib Retracement level of $1,186.70 (D).

    2. The gold price fell below overhead price resistance at C.

    3. After breaking out of the upper parallel channel of the Andrews’ Pitchfork, price failed to reach the descending price trigger at B.

    4. MACD is rolling over at E and is falling back toward a support-resistance line F.

    5. RSI remains relatively weak. RSI briefly rose above a resistance line G, but has since fallen back below it.

    All of the above looks pretty bearish for gold. The price action today was especially damaging to gold. Unless there is a fairly prompt and strong reversal, then gold could be heading back for a re-test of the 0.618 Fib Retracement level at $1,138.10. Below that, the 0.764 level at $1,078.00 and then $980.80 could come into play.

    Two other price levels are worth noting:

    1. $1,202.00 – pointed out by Peter L. Brandt as being significant.

    2. $1,228.00 – pointed out by Martin Armstrong. Armstrong has stated that if gold fails to close 2014 at at least the $1,228.00 level that it would be very bearish for the gold price next year.

    As 2014 comes to a close, unless there is a rapid and decisive change of momentum in the gold price, then Wagner’s gold price forecast 2015 of lower prices looks highly probable.


    While some disdain attempts to predict future prices, when one of the best forecasters in the world, Martin Armstrong, sounds a warning call, my advice is to listen and at least consider what he is saying:

    1. The Dow may be setting up to test a level of 20.965 next year.

    2. Gold is in danger of slipping to new lows next year. Armstrong says a close below $1,227.00 will mean a new low next year and a close below $1,155.00 this year will guarantee a move below $1,000.00 is coming.

    What Armstrong is saying reinforces what Gary Wagner said in his gold price forecast 2015. A rising stock market, rising dollar, and faling oil price does not bode well for the gold price. As a holder of gold and silver I wish it were otherwise. I’d much prefer to tell you that gold was going higher, but until the present course reverses, it looks like we may have more rough sledding ahead for precious metals in 2015.

    creative commons Attribution NoDerivs This license allows for redistribution of this article, commercial and non-commercial, as long as it is passed along unchanged and in whole, with credit to Bullion.Directory, linking to the original article.

    Bullion.Directory or anyone involved with Bullion.Directory will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading in precious metals. Bullion.Directory advises you to always consult with a qualified and registered specialist advisor before investing in precious metals.

    prize draw details
    1. Peter Schiff, Peter Antonellis, Jim Rickards, & others are forecasting instability in the economic “recovery” that will boost gold and silver in ’15. Gold bulls are buying like crazy at today’s discounted price.

      • So what are their forecasts for the gold price? I would say that systems built upon fractional reserve banking are inherently unstable, but that doesn’t always result in a higher gold price. So, what exactly is supposed to happen that moves precious metals price higher, and what will that price be?