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..
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. Ready to Get Started with Gold Trading?
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Despite the recovery of the US dollar, gold has tried to maintain its gains around the level of $1865 since the start of this week, pending any new COVID-19 or stimulus developments.
Gold markets fluctuated during the course of the trading session on Monday to kick off the week, as we sit below the 50-day EMA still.
For three trading sessions in a row, upward momentum pushed gold towards the $1875 resistance level, confirming a bullish outlook.
The gold markets fell during the trading session on Friday, reaching down towards the $1836 level.
Gold markets pulled back just a bit during the trading session on Thursday but still looks somewhat bullish and it certainly looks as if it is trying to build some type of base.
Gold markets have broken higher during the trading session on Wednesday, breaking towards the 50 day EMA.
The recovery of the US dollar did not prevent gold from achieving gains at the resistance level of $1871 as of this writing.
Gold prices rose again and stabilized around $1855 as of this writing
The gold market broke down significantly during the trading session on Tuesday to reach down towards the $1800 level.
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The American holiday of Martin Luther King, Jr. Day on Monday weakened liquidity, and thus overall performance, in the Forex market.
Gold markets pulled back a bit during relatively thin trading on Monday due to the Martin Luther King, Jr. holiday.
By the end of last week’s trading, the price of gold had plummeted to the support level at $1824 after several failed attempts by the bulls to break through the top of the resistance at $1864.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets initially tried to rally during the trading session on Friday, the 200 day EMA being tested.
The gold markets gapped a little bit lower during the trading session on Thursday, but then went back and forth to form a bit of a hammer as we continue to see buyers near the 200 day EMA.
A strong US dollar stopped gold from correcting higher and breaking the $1863 resistance level during yesterday's trading session, instead stabilizing around the $1844 level.