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 have initially fallen during the trading session but turned around quite nicely later in the day on Thursday as the US dollar got sold off in late New York trading
The strength of the US dollar contributed to the collapse of the gold price to $1849 at the beginning of the today’s trading session, to its lowest level in two months
The bearish momentum for the gold price is still the strongest in light of the strong buying operations of the US dollar, which moves inversely with the path of gold prices.
The recent sharp gains in the US currency were a good reason for gold price collapse to the $1883 an ounce during Monday's trading, which is the lowest price for the yellow metal in two months.
Gold markets fell hard during the trading session on Thursday, reaching down towards the uptrend line from the symmetric triangle that I have plotted on the chart.
The US currency received support from the US Federal Reserve’s announcement of its monetary policy yesterday, despite its indication that US interest rates should be maintained
Gold markets have rallied again during the trading session on Wednesday but gave back the gains at the same downtrend line that makes up the triangle that I have drawn on the chart.
The gold markets out there continue to be stuck in a symmetrical triangle, as we tried to rally during the trading session but then fell back down on Tuesday.
