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
Gold prices started the week with a stronger bullish momentum, reaching resistance at $ 1456, the highest price for six years, as global geopolitical and trade concerns intensify, often supporting investors buying safe heaven assets, notably gold.
Gold markets gapped higher to kick off the trading session on Friday, dipped a bit to try to fill that gap, and then shot straight up in the air.
Gold markets exploded to the upside after initially pulling back on Thursday due to Donald Trump tweeting yet again.
Top Forex Brokers
Stronger gains for the US dollar after the Federal Reserve announced its monetary policy supported stronger losses of gold, pushing it to $1404 support level an ounce
Gold markets fell rather hard after the interest rate announcement and even leading into it on Wednesday but have found support at a crucial level underneath.
For four consecutive trading sessions, gold prices are moving in a bullish correction from the support level of $1413/ounce, gaining to resistance of $1433/ounce, and is stable around there at the time of writing.
Gold markets gapped a bit higher to kick off the trading session on Tuesday, as we await the Federal Reserve interest rate decision.
With the beginning of this week’s trading, gold prices are trying to rebound to the top and compensate for its recent losses, reached during Monday's session to the $1428 resistance level, where it is currently setting almost at the beginning of Tuesday’s trading.
Gold markets have done very little over the last couple of days, and this makes quite a bit of sense considering that the Federal Reserve has a major meeting over the next couple of days that should continue the dovish attitude that we have seen recently.
Bonuses & Promotions
For the first time in a row, gold prices have remained in limited ranges between the $1411 support level and the$ 1433 resistance, forming a consolidation zone that signals a move ahead, and that investors are preparing to start again.
Gold markets initially tried to rally during the trading session on Friday but ran into a lot of trouble at the $1425 level.
Gold markets had a rather noisy day during the trading session on Thursday as the ECB had an interest rate decision and of course press conference following that decision.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.For four consecutive trading sessions, the price of gold is settled in the range between the $1414 support and the $1430 resistance, the price settled around $1424 at the time of writing.
Gold markets have initially tried to rally during the trading session, felt towards the trendline and then bounced again.
Gold markets continue to go back and forth, and Tuesday of course was no different.