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?
Ready to Get Started with Gold Trading? Get Started Today!
The bulls tried to take advantage of the USD weakness and move the gold price higher, to reach the resistance at $1967 an ounce, to avoid a downward close during last week’s trading after profit-taking selling that pushed the gold price towards the support at $1907 an ounce.
Gold markets were a bit neutral during the trading session on Friday, after gapping lower.
Gold markets have rallied a bit during the trading session on Thursday, slaving into a downtrend line that makes up the larger pattern that we have been trading in
For the second day in a row, the price of gold moves higher, bouncing back to the $1951 resistance.
The gold markets initially pulled back a bit during the trading session on Wednesday but turned around to show signs of life again.
We indicated from last week that the opportunity for gold prices to drop to $1908 an ounce is best suited to buy in light of the USD recovery.
The gold markets have gone back and forth during the trading session on Tuesday, as it reached all the way down towards the $50 level.
A state of cautious stability has dominated the gold performance since the beginning of trading this week, amid a stronger move by the bears, as the price of an ounce of gold stabilized around $1926 an ounce.
Gold markets have gone back and forth during the trading session on Monday, which would have had very thin volume due to the fact that it was Labor Day in the United States.
In the last three trading sessions last week, gold prices retreated to $1916 an ounce, after a strong attempt by the bulls to push the price towards the level of $2000 psychological resistance at the beginning of the week's trading.
Gold markets went back and forth during the trading session on Friday, as you would expect.
Gold markets have pulled back a bit during the trading session on Thursday, mainly due to the fact that there has been so much volatility.
For the second day in a row, the price of an ounce of gold is declining in light of the US dollar recovery, which pushed the price of the yellow metal towards $1927 ounce at the time of writing.
Gold markets broke down significantly during the trading session on Wednesday, as the US dollar has shot much higher during the trading session.
The US dollar strength contributed to the price of an ounce of gold giving up its highest level in two weeks, when it had tested the resistance $1992 level
