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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Gold markets gapped higher to kick off Wednesday, turned right back around to fill the gap, and then turned around to show signs of strength again.
There is no doubt that the recent decline of the US dollar allowed the price of an ounce of gold to continue recording its gains for the third consecutive session.
Gold markets have rallied significantly on Tuesday to show signs of strength again, in what could be looked at as a potential consolidation area.
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Gold futures tried to rise again towards the psychological resistance of 1800 US dollars.
Gold markets have gone back and forth on Monday, as we continue to see a lot of back and forth action just below the 50 day EMA.
Gold futures struggle to determine the direction, after the worst US jobs report for 2021.
Gold markets have fallen a bit on Friday to break down below the bottom of the candlestick from the Thursday session.
Gold markets have broken down significantly on Thursday, as we have sliced through the $1800 level like it was not even there.
The price of gold gave up some of its gains after US Federal Reserve officials said that a strengthening economy and rising inflation could spur faster increases in US interest rates.
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Gold markets rallied quite nicely on Wednesday, but as you can see, we saw the $1830 level hold yet again.
For the second day in a row, the price of gold is trying to recover from the losses of the first trading session for the year 2022.
Gold markets rallied quite nicely on Tuesday, bouncing from the 50-day EMA to show signs of life again.
After gold prices recorded the worst annual performance since 2015, the new year’s trading began amid a new setback for the gold price.
The gold market got absolutely hammered on Monday to kick off the trading year.
The price of an ounce of gold ended the 2021 trading year, stable above the psychological resistance level of 1800 dollars, and down to the resistance level of 1829 dollars an ounce.