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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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Forecast: Gold prices set to climb in response to global economic shifts, signaling a bullish trend
Gold experienced a remarkable surge in value during the recent Friday trading session, reaching an impressive $2,000.
The gold market has been volatile yet again during the Thursday trading session, just like we had seen during the Wednesday session.
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The recovery of the US dollar and profit-taking selling were factors that helped in a downward correction for the price of gold XAU/USD towards the level of 1955$.
The gold market experienced a rollercoaster ride during Wednesday's trading session.
The gold market is currently hovering around the 38.2% Fibonacci level, reflecting the ongoing struggle to gather enough momentum for a significant move upwards.
Gold futures recorded their biggest gain in a single session in nearly a month, after the US inflation reading came in below expectations in October.
In the gold markets, there has been a notable stability in bidding activities.
At the end of last week's trading, gold prices (XAU/USD) suffered their first weekly loss in over a month.
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During the last trading session on Friday, gold markets dropped slightly which necessitated a closer look at the 50-Day Exponential Moving Average.
The gold market experienced a downturn during Thursday's trading session, with a notable test of the 50-Day Exponential Moving Average.
For three consecutive trading sessions, the XAU/USD has been exposed to profit-taking selling, pushing it towards the support level of 1,948 USD per ounce.
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Sign up to get the latest market updates and free signals directly to your inbox.The Gold market experienced a slight dip during Wednesday's trading session, only to rebound, showcasing signs of vitality once again.
The price of gold was exposed to selling operations that pushed it towards the support of $1,956 per ounce before settling around the level of $1,970.
The trading landscape experienced a stark downturn on Tuesday, as American interest rates surged once again.