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.
Investor risk appetite and strong US dollar pushed the gold price to collapse from the $1535 resistance to the $1500 during Wednesday's session before settling around 1510 dollars per at the time of writing.
Concern over the failure of the current round of trade talks between the United States and China and the future of the Brexit, which remains uncertain.
Gold markets drifted a little bit lower to kick off the trading session on Thursday but then rallied again to continue to show the $1500 level as being crucial.
Gold markets fell initially during the trading session on Wednesday as the Federal Reserve cut rates and sounded a little bit more less dovish than people had hoped.
Since the beginning of this week's trading, the price of gold has been trying hard to keep moving around and above the $ 1500 psychological resistance to confirm the adherence to the uptrend
