The Simplifier
Published 16 February 2026

ANZ · 5,800 in the second quarter of 2026

WrongGraded
Target
5,800
gold · from below
Window
in the second quarter of 2026
last weekly close 26 June 2026
Said by
ANZ
as reported by Kitco
Result
Wrong
on the close

“In their latest note on gold, commodity analysts at ANZ said they expect prices to hit $5,800 an ounce in the second quarter, up sharply from their previous target of $5,400 an ounce.”

ANZ, as reported by Kitco · 16 February 2026 · the source

The kill this desk assigned

Held if a weekly close at or above 5,800 printed on or before the last weekly close of June 2026; wrong if the window closed without one.

The target was published without one. The same rule grades every row on the board, and this desk's own levels on the record.

Wrong. The window's last weekly close was Friday 26 June 2026, 4,088.97 read off the founder's chart, 1,711.03 under the line. No weekly close at or above 5,800 printed inside the window: gold's high of 2026 on the founder's weekly chart is 5,598.75, in the week of 26 to 30 January, before the target was published. The grade does not turn on the decimals.

The backstory

Gold printed its high of 2026 in the week of 26 to 30 January, 5,598.75 on the founder's weekly chart. On 16 February Kitco reported that ANZ expected gold to hit 5,800 an ounce in the second quarter, up from its previous target of 5,400.

One sentence, one level, one window, so the board grades it as one row. The 5,400 it was raised from carries no window in the report and is listed below.

The second quarter shut on the 26 June close at 4,088.97, read off the founder's chart, 1,711.03 under the line. No weekly close at or above 5,800 printed inside the window. Wrong, and it stays.

ANZ on the board

0held1wrong0open
  1. 5,800 in the second quarter of 2026published 16 February 2026Wrong

What ANZ said that the board leaves off

How every row is graded

The one rule. Held if a weekly close on the target's side of it, at or above for a target above price, at or below for a target below, prints on or before the last weekly close inside the window. Wrong if the window closes without one. A range is graded on its nearer bound. Graded on the TVC weekly close, read off this desk's own chart, the same close every row on the record is graded on; where a close predates this desk's own reads the row says as reported, and a grade never turns on the decimals.