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.
The strong gains in the US dollar yesterday were a natural trigger for gold sales, but losses did not exceed $2,026 per ounce, and selling came from the $2,055 per ounce resistance level in the same trading session yesterday.
Gold selling has continued since the start of trading this week, with losses reaching the level of $2,021 per ounce, amid gains in the US dollar since the announcement of stronger-than-expected US employment figures.