Gold maintains a bearish bias below $4850, with weakening momentum indicators pointing toward a potential move down to $4690 and $4630 support levels.
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 came under pressure as higher US yields and stalled Iran-US talks boosted the dollar, with $4,600 now the key support level to watch.
The Overall Gold Trend: Neutral with a bearish bias.
Top Regulated Brokers
Gold is drifting around its 50-day EMA as traders watch the US 10-year yield near 4.30%, with $4,600 as key support and $5,000 as the next major upside level.
Today's Gold Support Points: $4760 – $4710 – $4630 per ounce.
Today's Gold Support Points: $4610 – $4560 – $4490 per ounce.
Gold whipsawed Thursday, crashing to 4600 on a US rate spike before reversing, with traders warned to keep positions small amid headline-driven volatility and a key 50-day EMA overhead.
Today's Gold Support Points: $4560 – $4500 – $4420 per ounce.
Gold is struggling under the weight of rising global interest rates, with $4,600 acting as key support while rallies are likely to be sold.
Bonuses & Promotions
Gold was hit hard on Thursday as rising US yields pressured prices, with $4,600 now the key level to watch for either a rebound or deeper breakdown.
The $5,000 level has been crucial for most of the month of February, and the reaction to the horrific selling at the end of January, gives me hope for this market.
Gold is consolidating above former resistance near $5,150, with $5,000 as key downside support and $5,500 the next upside target if dip-buying continues.
The gold market has rallied slightly during the trading session on Thursday as we wait for the Core PCE numbers in the USA.
The gold market continues to see a lot of buyers on each dip.
Gold markets are trying to find buyers after what has been a brutal round of selling again on Tuesday. At this point, the markets are continuing to struggle overall.