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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The gold market touched the 50-day moving average during Monday's trading session.
Recent strength in the US dollar has pushed gold prices lower.
You can see gold has had a slightly positive session during the early hours on Thursday as we have retaken the $2,000 level.
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The price of gold has been in a corrective downtrend, moving towards the support level of $1984 per ounce, its lowest point in two months.
Gold markets demonstrated stability during Wednesday's trading session.
Gold prices fell down with losses that reached the support level of $1,989 per ounce, which is the lowest price in two months.
According to the recent trading sessions, the price of gold is moving in narrow ranges.
Gold experienced some downward movement in the early hours of Monday's trading session.
By the end of last week's trading, gold prices retreated once again to the support level of $2020 per ounce.
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Gold markets experienced a modest retreat during Friday's trading session as they aimed to approach the 50-Day Exponential Moving Average.
The gold market experienced a significant downturn early on Thursday as the US dollar exhibited strength once again.
For the second day in a row, gold prices are trying to rebound higher with gains reaching the $2,044 resistance level.
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Gold prices experienced a slight dip on Wednesday as the US dollar showed signs of strength across various financial markets.
For the second day in a row, the gold price has recovered from the losses following the announcement of stronger-than-expected US jobs figures.
Gold is currently experiencing a period of relative tranquility, but this should not be mistaken for a stagnant market.