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.
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Gold markets rallied significantly on Wednesday as we have broken through several resistance barriers in one fell swoop.
Despite the strength of the US dollar, the price of gold appears resilient with the support of many global factors.
The gold markets initially shot higher but saw quite a bit of selling pressure to turn things around and form a shooting star yet again.
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Gold settled around the $1753 support level in yesterday's trading as it trades in a narrow range.
Gold markets were all over the place on Monday as we continue to see a significant amount of volatility and choppiness.
Gold futures settled slightly lower yesterday as riskier assets such as stocks rose amid easing concerns over the US debt limit and a larger-than-expected drop in US jobless claims last week.
The gold market rallied significantly on Friday, especially as the weak jobs number shocked the market.
The gold markets have fallen a bit during the course of the trading session as we await the jobs number on Friday.
Gold futures settled higher, but lacked the momentum to keep going and the price stopped at $1765 as of this writing.
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Gold markets fell significantly to kick off Wednesday, but just as we have seen all week, the $1750 level continues to offer support, as buyers come back in and push gold higher.
Gold markets sold off rather drastically on Tuesday but recovered quite nicely as it looked like they were going to break down at one point.
Gold's rebound gains during the last three trading sessions brought it to the resistance level of $1770, where it has settled at the beginning of trading today.
Gold markets initially fell on Monday to reach down towards the $1750 level.
The price of gold reached $1765 twice last week after falling to the support level of $1722, the lowest price in nearly two months.
Gold markets went back and forth on Friday, showing signs of exhaustion after the massive bullish candlestick that we formed on Thursday.