DailyForex analysts monitor the gold market regularly to bring you gold price predictions and gold market forecasts that can help you find the best positions in the gold market. Our gold forecast signals are good for both forex gold spot market traders and as well as for the long term gold investors in commodities market.
Watch as gold prices fluctuate based on technical analysis, global political developments and comprehensive market research in the gold market forecasts below. Learn how to purchase gold at the higher price in uptrend market and avoid losing money due to the wrong entry point. Our gold forecase provides you with the right signals at the right time.
Ready to Get Started with Gold Trading? Get Started Today!
Most Recent
In the gold markets, there has been a notable stability in bidding activities.
At the end of last week's trading, gold prices (XAU/USD) suffered their first weekly loss in over a month.
During the last trading session on Friday, gold markets dropped slightly which necessitated a closer look at the 50-Day Exponential Moving Average.
The gold market experienced a downturn during Thursday's trading session, with a notable test of the 50-Day Exponential Moving Average.
For three consecutive trading sessions, the XAU/USD has been exposed to profit-taking selling, pushing it towards the support level of 1,948 USD per ounce.
The Gold market experienced a slight dip during Wednesday's trading session, only to rebound, showcasing signs of vitality once again.
The price of gold was exposed to selling operations that pushed it towards the support of $1,956 per ounce before settling around the level of $1,970.
The trading landscape experienced a stark downturn on Tuesday, as American interest rates surged once again.
The gold market has displayed a certain ambivalence over the past few weeks, with fluctuations keeping traders on their toes.
Bonuses & Promotions
The XAU/USD was subjected to selling pressure, stabilizing around the support level of $1,977 per ounce at the time of writing the analysis.
At the end of last week's trading, gold futures rose to close a volatile week that saw the Federal Reserve meeting and the US jobs report for October.
The gold market showcased a robust rally in Friday's trading session, adding to the ongoing display of volatility and turbulence.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The gold market displayed a notable rally during Thursday's trading session, creating excitement among traders as it approached the coveted $2000 level.
The gold price tested the resistance level of $2,009 per ounce, the highest level in five months, before retreating to $1,970.
The gold market had a somewhat turbulent start during Wednesday's trading session, initially experiencing a bit of a decline.