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 futures continued to rise, benefiting from a combination of a weak US dollar and rising inflation fears.
Gold markets initially fell on Friday but found buyers underneath to turn things back around and look very strong.
The gold markets have rallied significantly on Thursday as we continue to see gold markets race higher due to the idea of fighting inflation.
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In its best daily performance in more than a month, the price of gold moved to the resistance level of $1868, a 5-month high, before settling around $1852 as of this writing.
Gold provided a flourish of bullish momentum yesterday as it broke through important resistance and surged to mid-term highs leaving speculators with a decision to make today.
Gold markets exploded to the upside on Wednesday to break through the significant $1835 level.
Six-month charts will be looked at by many gold speculators as the day begins and the precious metal finds itself near important mid-term resistance.
The weakness of the US dollar strongly contributed to the increase in the price of gold, reaching the $1827 resistance as of this writing, a 2-month high.
Gold markets initially pulled back just a bit on Tuesday only to turn around and show signs of life again.
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The weakness of the US dollar strongly contributed to the increase in the price of gold, reaching the resistance level of $1827 as of this writing.
Gold markets gapped higher to kick off the trading session on Monday, only to pull back to fill that very same gap.
For the third day in a row, gold futures contracts continue to rise, especially with the breach of the psychological resistance of $1800.
Gold markets rallied quite significantly on Friday, slicing through a fair bit of resistance.
The gold markets got a huge boost during the trading session on Thursday to reach towards $1800 level yet again.
I expected that gold may decline with the announcement of the US Federal Reserve, and indeed gold fell to $1758.