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.
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Gold has incrementally climbed from its lows displayed this past Friday and this Monday as choppy trading suggests support may be durable.
Gold markets have initially tried to rally on Wednesday but gave back gains yet again as we continue to see the $1880 level offer resistance.
After Jerome Powell's statements, which calmed the pace of the US dollar's gains, the gold futures XAU/USD achieved lukewarm gains reaching the level of $1884 per ounce.
Gold markets initially tried to rally during the trading session on Tuesday but gave back gains as we continue to see plenty of resistance near the $1880 level.
For three trading sessions in a row, the gold price was exposed to strong selling operations that affected the support level at 1862 dollars an ounce, the lowest price in a month, a rebound from the resistance level of 1959 dollars an ounce, the highest price in nine months.
At the end of last week's trading and amid the strong and sudden rise in the price of the US dollar following the announcement of stronger than expected figures for US jobs
The Thursday session was very negative for gold, as it lost 1.65% by the time New York started to close for business.
USD weakness continued and is coinciding with the expectations of the recession of the world economy during the year 2023.
XAU/USD gold futures rebounded after early weakness as the price of gold fell to $1,900 per ounce before prices stabilized around $1,928 per ounce as the US dollar lost ground.
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Gold markets have fallen initially during the trading session on Tuesday but found a lot of strength later in the day to turn around and form a massive hammer.
At the start of this week's trading, gold futures struggled to hold $1,920 an ounce as it snapped its longest weekly winning streak since August 2020.
Gold markets initially trying to rally during the training session on Monday, but we continue to see a bit of hesitation just above.
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Sign up to get the latest market updates and free signals directly to your inbox.At the end of last week's trading, gold futures were stable, with the pressure of the US dollar on the price of the precious metal.
Gold markets have initially fallen during the trading session on Monday, where we had reached the $1920 level, and then ended up bouncing.
Gold markets are behaving very much like stock markets, in the sense that they are simply grinding higher, and are not giving much in the way of an entry possibility for those of us who did not jump on it right away.