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.
Investors abandoned the US dollar after the announcement of the Federal Reserve's policy update that was a catalyst for gold bulls to push prices to the level of 1819 dollars an ounce
The gold markets initially tried to rally during the trading session on Monday but struggled above the 200-day EMA as we continue to see resistance above.
During yesterday's trading, the price of an ounce of gold recovered to the resistance level of $1825 after selling at the beginning of the week's trading.
The DAX Index rallied a bit during the course of the trading session on Tuesday as we continue to see the market try to pick up a little bit of stability.
At the beginning of this week's trading, gold prices fell sharply to the $1795 support level, its lowest in a week, as the US dollar benefited from the high levels of risk aversion in the financial markets.
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