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.
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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?
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Gold rallied rather significantly during the trading session on Friday again, as it looks like we are trying to get to the $2,400 level.
Gold prices rose to $2365 an ounce during yesterday's trading session, hovering near their highest level in a month.
I see that we are threatening a major break out
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A pause in the dollar's advance allowed gold prices to rebound, reaching a high of $2344 an ounce at the time of writing, the highest in two weeks.
At the start of trading this week, gold prices jumped towards the $2,338 resistance level before stabilizing around $2,332 per ounce at the time of writing this analysis.
Gold looks like it is trying to build some type of base for a move higher.
Gold prices are hovering around the $2325 per ounce level as investors continue to assess the latest US inflation data.
In today’s gold analysis, we can see that there is a certain amount of support underneath.
The gold market rallied quite significantly during the early hours on Thursday, as we continue to demand quite a bit of support of the $2300 level.
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Gold prices continue to slide as the strength of the US dollar and weak sentiment weigh on the precious metal.
The weakness of the strength factors and the continued gains of the US dollar contributed to the selling of gold.
Gold price has been hovering around the $2334 per ounce level since yesterday after falling by more than 1% in the previous session, pressured by a strong US dollar and rising bond yields.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold futures suffered a sharp sell-off to close out the last trading week as investors booked profits.
Gold has shot higher during the trading session on Thursday, as the Swiss National Bank has cut rates.
Gold prices are trading higher today, Thursday, reaching a two-week high of $2345 an ounce as slowing US economic performance has raised expectations that the Federal Reserve may cut interest rates this year.