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.
The decline of the US dollar and in US bond yields contributed to gold's gains that reached the $1749 resistance level and stabilized around $1745 at the beginning of trading on Wednesday.
Gold futures fell at the end of last week’s trading and settled around the $1732 level after gains boosted it to $1758, its highest in a month-and-a-half.
The gold markets initially fell during the trading session on Friday but then turned around to show signs of life at the bottom of the range of the candlestick from Thursday.
Investors abandoning the dollar was an opportunity for the price of gold to move higher, but its gains did not exceed the resistance level of $1745, where it is stable as of this writing.
Despite the decline of the US dollar with the return of traders from the holiday, the price of gold only rose to the $1733 level before settling around $1728 as of this writing.
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