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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For seven consecutive trading sessions, the price of gold has been sold off.
Strong gains for the US dollar from expectations of raising interest rates higher than previously expected contributed to the decline in the price of gold for six trading sessions in a row.
Gold markets got crushed on Monday to break through the 50-day EMA and then fell down to break below the $1900 level.
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At the end of last week's trading, Gold futures fell below the level of 1950 dollars, with losses to the support level of 1927 dollars an ounce, before closing the week's trading
Gold markets fell rather hard on Friday to reach the 50-day EMA.
Gold markets have fallen a bit during the trading session on Thursday to wipe out the hammer from the Wednesday session.
For the third consecutive day, the gold market has been subjected to profit-taking operations since it tried to breach the psychological top of $2000 an ounce at the beginning of this week's trading.
Gold markets fell rather hard during the trading session on Wednesday to show signs of negativity, but we have turned around to show signs of life.
Gold markets have fallen rather hard during the trading session on Tuesday to break down below the $1970 level.
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The gold markets rallied during the trading session on Monday to reach the $2000 area.
Although the strength of the US dollar and global central banks wanting to tighten their monetary policy throughout 2022, the price of gold continued to move within its upward path
Gold markets only had a limited amount of off-hours trading in the futures markets on Good Friday, but there was a little bit of action in the CFD market.
Gold markets initially pulled back during the trading session on Thursday but then turned around to show signs of life again.
Gold prices continued to rise, to continue its gains for the fifth consecutive session.
Gold markets rallied again on Wednesday as we continue to see plenty of bullish pressure.