The recent decline in the price of the US dollar helped the gold market to rebound upwards, reaching the $1820 resistance before the settling around $1805 as of this writing.
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!
Most Recent
Gold markets initially shot higher on Tuesday, and after that we were getting ready to take off to much higher levels.
The continued decline of the US dollar still supports gold bulls in moving higher.
Top Forex Brokers
Gold markets went back and forth on Monday, as it looks like we are threatening the $1820 level.
Despite the state of optimism regarding the new COVID variant and risk appetite, gold prices rebounded higher, stable around $1811, near its highest in a month, amid the decline of the US dollar.
Gold markets dropped a bit to kick off the Friday session only to turn around and show signs of strength yet again.
Gold markets have initially fallen on Thursday but found enough support near the 200 day EMA to turn around and go positive for the session.
The US dollar's gains stopped, which helped gold prices move upwards, stabilizing around the level of $1808 as of this writing.
The gold markets rallied a bit on Wednesday, as we continue to hang around the $1800 level.
Bonuses & Promotions
Gold prices failed to maintain their recent gains, reaching the resistance level of $1815, then selling off to the support level of $1785, where it has settled as of this writing.
Gold markets gapped lower to kick off the trading session on Tuesday, but then turned around to reach towards the 200 day EMA above.
Although global central banks announced as one to tighten monetary policy, including those who actually raised interest rates, at the same time, appetite for buying safe havens increased amid Omicron fears.
Gold markets gapped lower to kick off the trading session on Monday, turned around to fill that gap, only to fall again.
Although the global central banks decided to tighten their monetary policies, including those who actually raised interest rates, appetite for safe havens increased amid global fears of the Omicron variant which threatens a global closure on Christmas.
Gold markets initially tried to rally on Friday but gave back early gains to form a massive shooting star.