Robert Prechter Silver and Gold Price Predictions

Robert Prechter: WARNING: Gold price Could Likely Drop to This New Target in 2027

Alessio Rastani · 29 Jul 2026 · Watch video

• Robert Prechter expects gold’s corrective bear market to end somewhere just above $3,000 before the long-term uptrend resumes. He gives no date; the 2027 in the video title is not said in the interview.
• He says gold could continue falling over the next several months, although the correction may ultimately take a few years.
• Prechter’s downside case is based on Fibonacci multiples of gold’s former $35 official price, which he says have marked major turning points.
• A break below $3,000 would invalidate his bullish long-term interpretation and raise the possibility that gold made a major cycle top.
• He expects countertrend rallies during the decline and says technical indicators, momentum and sentiment should help identify the eventual low.
• Prechter dismisses wars, recessions and other external events as reliable explanations for gold’s direction, preferring market patterns and investor psychology.
• He says gold’s extreme rise above $5,000 showed overbought conditions, while reduced public attention could signal that the correction is nearing its end.

No price target given in this interview.