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.
Gold settled up $1.31 at $1108.87 on Monday but remained within the trading range of the past 3 sessions as the market cautiously awaits the start of the Federal Open Market Committee meeting this week.
Gold has been under pressure for a long time and this month was no different from the previous ones. With the help of the support around the $1166 level, the market tried to pass through the $1207/0 region but the bulls surrendered after the initial rally faded as buying dried up.
Gold retreated on Wednesday as investors took profits from a recent rally to a three-week high. I have to say that gold had an interesting month; the market initially advanced to the $1225/2 area then spent the next three weeks grinding lower -despite the weakness in the dollar- and rose sharply again this week.