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. Ready to Get Started with Gold Trading?
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The gold markets have been relatively quiet during the trading session on Thursday as we await for the Nine Farm Payroll figures on Friday.
Gold futures closed lower yesterday despite expectations of weak US jobs numbers tomorrow which boosted the safe-haven gold price to the $1,820 resistance level.
Gold markets fluctuated on Wednesday as we hang about just below the significant resistance zone that extends from $1825 to the level of $1835.
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Gold has spent the last week of trading hovering below important one-month highs and its consolidation may signal more volatility is about to develop.
After reaching the psychological resistance of $1800, which gives the bulls the impetus to move higher, gold's gains continued to the resistance level of $1823 before settling around $1813 as of this writing.
Gold markets fell a bit on Tuesday as we fell towards the 200-day EMA only to turn around and show signs of strength.
The price of gold is still stable around three-week highs, reaching the level of $1819 as of this writing.
The gold markets rallied just a bit on Monday but then turned around as we have seen a bit of selling pressure.
The weakness of the US dollar after the Jackson Hole Symposium contributed to a strong upward rebound for gold.
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Gold markets have been somewhat sideways during the month of August, but we did see a sudden selloff at the beginning of the month.
Gold markets rallied significantly on Friday as Jerome Powell gave his speech from the Jackson Hole Virtual Symposium.
Gold markets have gone back and forth during the course of the trading session on Thursday as we await the results of the Jackson Hole meeting.
For the second day in a row, gold has given up its strong gains recently, which pushed it towards the resistance level of $1809.
Gold markets fell a bit on Wednesday as the 200-day EMA has offered resistance.
Buyers shying away from the US dollar and the rapid spread of the Delta variant contributed to a strong bullish momentum for gold.