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 had a rather volatile Friday session as we bounced around to show signs of indecision.
Gold markets have gone back and forth during the course of the trading session on Thursday as it seems like we do not have anywhere to be.
Global geopolitical tensions pushed investors to buy gold, which rose to the $1793 resistance before settling around $1783 as of this writing.
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Gold markets rallied initially on Wednesday but gave back the gains at the previous uptrend line.
A temporary halt to the gains of the US dollar allowed the price of gold to stabilize around the $1791 resistance as of this writing.
Gold futures are trading in a relatively stable performance with a bearish bias as gold moved towards the $1,776 support level before settling around $1,782 as of this writing.
The gold market gapped a little bit higher to kick off the week, but then proceeded to drop immediately.
Gold futures remained stable at the end of trading last week, even with the turmoil in global financial markets.
Gold markets rallied significantly on Friday as traders reacted to the jobs number being weaker than anticipated.
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Gold markets plunged during the trading session on Thursday, as we have broken through a significant uptrend line.
Amid a temporary halt in the gains of the US dollar, gold found the opportunity to achieve gains yesterday, but they did not exceed $1794, instead settling again around $1775 as of this writing.
The gold markets initially tried to rally on Wednesday but gave back most of the gains.
Yesterday's session was exciting for the gold market, as prices jumped to the level of $1809, but soon were sold off to the $1770 support level.
Gold markets rallied initially to break above the $1800 level but gave back the gains and now looks absolutely anemic after Jerome Powell suggested during his congressional testimony on Tuesday that “transitory” is not a word he would use to describe inflation anymore.
The price of gold has been trying to recover to stabilize above the psychological resistance of $1800, which may give the yellow metal the impetus to move higher to avoid selloffs.