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..
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?
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I expected that gold may decline with the announcement of the US Federal Reserve, and indeed gold fell to $1758.
Gold markets fell rather hard on Wednesday, slicing through the 50-day EMA like it was not even there.
The US dollar has taken a strong position ahead of the FOMC announcement today, which will negatively affect gold, which fell to the support level of $1780 as of this writing.
The gold market initially tried to rally just a bit on Tuesday but gave back the gains to fall during most of the day.
Gold tried to return to $1800 the psychological resistance to compensate for sharp losses that brought it all the way to the support level of $1772.
Gold markets rallied quite nicely on Monday to reach towards the 200-day EMA.
Gold bulls succeeded in grabbing the $1810 resistance as demand for safe-haven assets rose after the dollar fell following data which showed a significant slowdown in US GDP growth in the third quarter.
The gold markets broke down significantly on Friday, crashing rather hard early in the day.
Gold markets initially rally during the trading session on Thursday to reach towards the same resistance barrier that we have been fighting for several sessions.
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Despite the recovery of the US dollar, gold is stabilizing around the psychological resistance level of $1800 as of this writing.
Gold markets fluctuated on Wednesday again as we continue to hang around the 200-day EMA.
With the stability of the US dollar and the rise in US Treasury bond yields, the price of gold fell to the support level of $1783, as these factors led to curbing the demand for the yellow metal, which is considered a safe haven.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets have pulled back a bit during the trading session on Tuesday again, as we continue to see a lot of resistance just above.
At the beginning of this week’s trading, the price of gold recorded gains that reached the $1810 resistance.
The gold market has rallied significantly on Monday to reach towards the same resistance barrier that we have tested over the last couple of trading days.