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 exploded to the upside on Wednesday to break through the significant $1835 level.
Six-month charts will be looked at by many gold speculators as the day begins and the precious metal finds itself near important mid-term resistance.
The weakness of the US dollar strongly contributed to the increase in the price of gold, reaching the $1827 resistance as of this writing, a 2-month high.
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Gold markets initially pulled back just a bit on Tuesday only to turn around and show signs of life again.
The weakness of the US dollar strongly contributed to the increase in the price of gold, reaching the resistance level of $1827 as of this writing.
Gold markets gapped higher to kick off the trading session on Monday, only to pull back to fill that very same gap.
For the third day in a row, gold futures contracts continue to rise, especially with the breach of the psychological resistance of $1800.
Gold markets rallied quite significantly on Friday, slicing through a fair bit of resistance.
The gold markets got a huge boost during the trading session on Thursday to reach towards $1800 level yet again.
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I expected that gold may decline with the announcement of the US Federal Reserve, and indeed gold fell to $1758.
Gold markets fell rather hard on Wednesday, slicing through the 50-day EMA like it was not even there.
The US dollar has taken a strong position ahead of the FOMC announcement today, which will negatively affect gold, which fell to the support level of $1780 as of this writing.
The gold market initially tried to rally just a bit on Tuesday but gave back the gains to fall during most of the day.
Gold tried to return to $1800 the psychological resistance to compensate for sharp losses that brought it all the way to the support level of $1772.
Gold markets rallied quite nicely on Monday to reach towards the 200-day EMA.