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 consolidates near the 50-day EMA as markets await key US economic data, with the long-term uptrend supported by geopolitical factors and central bank buying.
Gold prices experienced selling pressure at the beginning of the US jobs week, declining to $2,622 per ounce from the resistance level of $2,652 per ounce in the same trading session, and stabilizing around $2,638 per ounce at the beginning of trading on Tuesday.
Gold prices fall to $2622 amid a strong USD driven by geopolitical tensions, with support at $2600 and resistance at $2700 shaping the XAU/USD outlook.
Top Forex Brokers
Gold markets rallied during the early hours of Friday as we continue to see the market bounce from the 50 Day EMA.
Gold was rather quiet during the trading session on Thursday, which of course is not a huge surprise considering that the futures markets would have had limited trading due to Thanksgiving holiday in the United States.
The decline in the US dollar helped the gold price rebound, gaining to a resistance level of $2658 per ounce during yesterday's Wednesday session before stabilizing around $2635 per ounce at the time of writing this analysis on Thursday.
Gold steadies near the 50-Day EMA, with pullbacks offering buying opportunities as geopolitical risks and technical support at $2500 bolster the uptrend.
For the second consecutive day, the gold price has been trying to rebound to recoup this week's losses, which reached the support level of $2604 per ounce, following the strength of the US dollar driven by Trump's trade policies.
During my daily analysis of the gold market, the first thing that I notice is that we are sitting just below the 50 Day EMA.
Bonuses & Promotions
For the second day in a row, gold prices are subject to selling operations, stabilizing around $2,604 per ounce at the time of writing the analysis.
Recently, gold prices recorded one of their strongest weekly gains in years. By the end of trading on last Friday's session, the gold price index jumped to the resistance level of $2715 per ounce from $2668 per ounce in the same trading session.
Gold has rallied to reach the $2,700 level late on Friday as it looks like we are trying to break out to the upside.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
In my daily analysis of the gold market, it’s obvious to me that there are plenty of buyers out there that are willing to take advantage of the momentum.
Since the beginning of this week, the gold price has been on its broader upward trajectory, stabilizing around the resistance level of $2666 per ounce.
During my daily analysis of the gold market, the resiliency has become apparent. We initially did pull back during the trading session.