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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The gold markets have broken down a bit during the course of the trading session on Thursday after initially trying to rally.
Since the start of trading this week, the price of gold has been in a continuous downward correction range.
Gold markets have gotten hammered again during the trading session on Wednesday to reach down towards the $1700 level.
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The strength of the US dollar continues to put pressure on gold, which fell at the beginning of yesterday's trading to the $1707 support level, before settling around $1738 as of this writing.
The gold markets initially fell during the course of the trading session on Tuesday to reach down towards the $1700 level.
Gold has so far been unable to compensate for its sharp losses during last week’s trading.
Gold markets initially tried to rally during the trading session on Monday to kick off the week but continues to see resistance above the $1450 level.
Gold collapsed during last week's trading, breaking through the $1800 support level, which triggered profit-taking.
Gold markets have broken down significantly during the trading session on Friday, slicing through the $1750 level.
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Gold markets got absently hammered on Thursday, reaching down towards the $1765 level.
Gold futures settled lower yesterday, reaching the support level of $1784 before settling around the $1808 level at the beginning of trading on Thursday.
Gold markets initially fell during the trading session on Wednesday only to find support underneath and bounce towards the $1800 level.
Gold is trying to benefit from the weak US dollar, but its rebound gains did not exceed $1816 before stabilizing around $1806 as of this writing.
Gold markets initially fell during the trading session on Tuesday to reach down below the $1800 level.
Gold had a strong bullish start this week as it jumped to the $1812 level before settling around $1809 at the beginning of trading on Tuesday.