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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Gold markets have rallied again after initially falling on Monday.
Gold was quiet during the Friday session as traders were away for the Independence Day holiday in the United States and therefore was essentially a Globex session only.
The positive US job numbers were stronger than expected, and it was a catalyst for the markets to give up, even temporarily, of safe havens.
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The gold markets initially fell during the Globex session on Thursday but found a solid wall of support at the $1765 level.
As expected, the recent and continuous gold gains pushed the technical indicators to overbought areas
Gold markets have initially tried to rally during the trading session on Wednesday, but they have pulled back a bit moving towards a major value level.
Gold price gains increased sharply, reaching the $1786 resistance, the highest level in eight years, and gold futures for August increased by $19.30 or about 1.1% to $1,800 an ounce, the highest settlement since September 2011.
Gold: The Precious Metal Remains Glittering At New Highs
Gold markets initially pulled back a bit during the trading session on Tuesday but then turned around to show signs of strength again.
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The price of gold almost didn’t move at all at the beginning of this week’s trading, as the movement during yesterday's session ranged
Gold markets have gapped higher to kick off the week, but then turned around to show signs of strength again as we filled the gap and essentially bounce right back.
For the second day in a row, gold prices are moving in a limited range amid an upward momentum between the $1756 an ounce and $1766 after recent gains pushed it towards the $1780 resistance, its highest level after nearly eight years.
Gold markets have had a wild ride over the last 24 hours, initially dipping down towards the $1760 level before rallying significantly to form quite a bit of a hammer.
Gold markets went back and forth during the trading session on Thursday as we continue to see a lot of volatility.
Gold has experienced a strong amount of selling early this morning and has come off of its highest value levels.