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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The US Congress looks very likely to see a bit of a continuing resolution being signed, suggesting that the United States government is not going to shut down.
Gold markets initially rallied on Wednesday but gave back quite a bit of the gains and then started to fall apart from there.
Despite global concerns, which usually serve as a fertile environment for gold, a strong US dollar pushed gold to the $1728 support level, a 7-month low, before settling around $1740 as of this writing.
Gold remains near important support in early trading today, but unfortunately for bullish speculators, the lower price levels have proven rather vulnerable short term.
Gold markets broke down a bit on Tuesday to slice through the $1740 region, an area that has been supportive for a while.
Gold markets have been slumping during most of the September month, reaching down towards the $1750 level multiple times.
The gold markets have gone back and forth during the course of the trading session on Monday as traders came back to work from the weekend.
The gold market initially rallied on Friday but gave back the gains to form the inverted hammer that you see on the chart.
Gold markets have fallen rather hard during the trading session after initially filling the downward gap on Thursday.
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The Federal Reserve re-affirmed its desire to tighten its monetary policy as soon as possible, which increased the gains of the US dollar, and thus downward pressure on gold.
Gold markets rallied ever so slightly on Wednesday as we continue to see more of an upward push in the market.
Gold has been trying to recover from recent selloffs, which pushed it towards the $1741 support level, its lowest in about a month-and-a-half.
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Sign up to get the latest market updates and free signals directly to your inbox.The gold market initially pulled back just a bit on Tuesday but turned around to show signs of strength again.
As of this writing Gold is near important support as it traverses slightly above the 1760.00 level with rather fast trading conditions prevailing.
The gold markets initially fell through the $1750 level before turning around, but the market is likely to continue to see a lot of noisy behavior.