The gold market experienced a temporary decline during Monday's trading session, only to find significant support around the $1915 region, leading to a notable rebound.
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?
Ready to Get Started with Gold Trading? Get Started Today!
Most Recent
The US dollar recently recovered with positive momentum from expectations of raising US interest rates, causing downward pressure on gold, which retreated to the $1893 support level last Thursday.
Gold, renowned for its volatility and status as a symbol of wealth preservation, experienced a significant decline in Friday's trading session.
Top Regulated Brokers
Gold experienced a significant decline during Thursday's trading session but found support at the 200-Day Exponential Moving Average (EMA).
Throughout this week's trading, the XAU/USD gold price is in a downward correction path, as a result of which it pushed towards the support level of $1902 an ounce.
The gold market experienced a back-and-forth trading session on Wednesday, demonstrating intermittent strength within a limited range.
The recent upward rebound attempts of XAU/USD gold price failed, as its gains did not exceed the resistance level of $1937 an ounce.
On Tuesday, the gold market experienced a back-and-forth trading session, displaying signs of strength within a narrow range.
At the beginning of trading this week the rally in gold futures faded as the political turmoil in Russia ostensibly abated.
Bonuses & Promotions
The gold market has displayed signs of stability recently, with prices hovering above the 61.8% Fibonacci level.
With the return of the strength of the US dollar, the markets confirmed that the US Federal Reserve is determined to continue raising US interest despite its halt at the last meeting
Gold markets experienced a slight bounce during Friday's trading session, finding support at the 61.8% Fibonacci retracement level.
Gold experienced a decline early on Thursday as downward pressure continued to weigh on the market.
XAU/USD gold prices fell to the support level of $1919 an ounce during yesterday's trading, before prices stabilized around $1935 an ounce at the time of writing.
During Wednesday's trading session, gold markets experienced further declines, nearing the lower end of recent support levels.