One thing that can be done to predict the gold price’s future is to look over the gold price data and chart and try to figure out the major trends. One of the things you will notice as you look over the gold price chart is that certain periods on the charts always seem bullish for gold, and other periods seem to be bearish. You might want to study these patterns to see if there is some basis for believing that gold’s current price is going to change.
Another option that people use when trying to predict gold prices is to look over the history of gold prices. You can look at historical gold prices, which are available on any number of financial charts. As you can see, there are certain indicators that can be used to predict future gold prices.