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.
Gold markets fluctuated during the course of the trading session on Thursday as we have heard a lot of noise just above the crucial $1750 support level.
Gold markets initially tried to rally during the trading session on Thursday but then gave back the gains early to turn around and form an inverted hammer.
For five consecutive trading sessions, gold has been sold off, having plunged below the $1800 support level yesterday before settling around the $1777 level at the beginning of Thursday's session.
Despite the weakness of the US dollar, gold prices closed sharply lower yesterday, reaching the $1790 support level before settling around the $1796 level at the beginning of trading on Wednesday.
Gold markets crashed into the $1800 level and below it during the trading session on Tuesday, as the interest rates in the 10-year note climbed in America.
Despite the weakness of the US dollar, gold declined at the end of last week’s trading, reaching the $1810 level, after gains in the same week pushed it to the $1855 level.
