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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By the end of last week’s trading, the price of gold had collapsed to the support level of $1828 from the resistance level of $1918 in the same trading session, the largest percentage loss in one day in two months.
Gold markets fell a bit during the trading session on Monday to kick off the week, reaching down towards the $1818 level, which is where the 200-day EMA currently sits.
The US dollar's strength at the end of last week’s trading pushed gold to the $1828 support level, its lowest level in three weeks, and the worst daily performance of gold since November 9, 2020.
The gold markets broke down significantly during the course of the trading session on Friday, slicing through the 50-day EMA.
The gold markets have done very little during the trading session on Thursday as we await the jobs number for Friday.
In response to a stronger US dollar, the price of gold fell to the level of $1901 in Wednesday's session before returning to stability around the level of $1926 as of this writing.
Gold markets fell during the trading session on Wednesday as the US dollar gained a bit.
The price of gold had a good start to 2021 after posting its best annual gain in a decade.
Gold markets initially pulled back during the trading session on Tuesday, but then turned around to show signs of strength again.
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Despite the recent recovery of the US dollar, the price of gold moved upward towards the resistance level of $1945 an ounce, amid a price gap from last week around the $1893 level.
Gold markets have gapped higher to kick off the trading session on Monday and to start off the new year on the right foot.
In the last hours of 2020 trading, the price of gold received support from investors abandoning the US dollar, which usually has a negative correlation to the yellow metal.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets rallied a bit during the trading session on New Year’s Eve, as the market is trying to break above a major trendline.
The price of gold received support from the USD's decline and tried to break through the level of psychological resistance at $1900 an ounce, which it reached at the beginning of this week’s trading.
The gold markets found buying pressure during the trading session on Wednesday, reaching towards the $1900 level.