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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The recovery of the US dollar contributed to the profit-taking sale of the price of gold, reaching the support level of 1870 dollars an ounce.
The gold markets fell pretty significantly during the trading session on Friday as we continue to see a lot of noisy behavior and a bit of hesitation to go forward.
The gold markets initially fell during the trading session on Thursday as the world awaited the Consumer Price Index in the United States to come out.
The recovery of the US dollar before the announcement of US inflation figures contributed to the decline in the price of gold to the level of 1888 dollars per ounce.
With pressures on the US dollar, the price of gold is trying to maintain the psychological resistance level of $1900, which paves the way for testing stronger highs.
We still have a lot of work to do, and gold may be looking for some type of catalyst to finally get going.
The return of the weakness of the US dollar contributed to a positive start for the gold price in this week's trading, reaching the psychological resistance level of $1900 again.
It is very likely that we will continue to see a lot of choppy and misdirected volatility.
A strong US dollar led to two sharply bearish trading sessions for the price of gold last week that pushed it towards the support level of $1855, a 3-week low.
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The gold markets fell initially during the trading session on Friday, reaching down towards the $1850 level before turning around and showing signs of life again.
Gold markets got crushed during the trading session on Thursday as the initial Jobless Claims came out better than anticipated
The price of gold is still stable around and above the psychological resistance of 1900 dollars an ounce.
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Sign up to get the latest market updates and free signals directly to your inbox.The gold markets initially fell during the trading session to drop below the $1900 level, only to turn around and rally again.
The market is looking a bit confused, and therefore a bit stagnant.
The gold price gains during the month of May are the best monthly gains for the yellow metal since last July