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
The gold price has retreated to the support level of $2605 per ounce, its lowest in two weeks, declining for the fifth consecutive session.
The first thing I see is that we have in fact plunged.
Gold price recorded its first weekly loss after trading in the green for three consecutive weeks.
Top Forex Brokers
The market is likely to continue to see a lot of volatility from what I see, and at this point in time I think we’ve got a situation where traders will have to look at this through the possibility of trying to find value wherever we can.
At the beginning of this week, the price of gold retreated to below $2,642 per ounce, continuing its decline from record highs in the wake of indicators of a strong US Labor market, which reduced the likelihood of the Federal Reserve continuing to aggressively cut US interest rates.
It has become obvious that the gold market still has plenty of buyers underneath, and short-term pullbacks will more likely than not end up being a nice opportunity to get involved in what has been a very strong uptrend.
Gold fell a bit during the early hours on Thursday as we continue to see a lot of volatility and chop overall.
Gold prices stabilized around $2,655 per ounce today, Thursday, remaining relatively close to their all-time highs as the escalating crisis in the Middle East
The price of gold has rebounded above $2,670 per ounce after two consecutive sessions of decline.
Bonuses & Promotions
The Gold market is probably going to remain somewhat elevated, but it's also going to be a situation where we're probably going to try to work off some of this excess froth.
Gold continues to pull back a bit in the early hours on Monday, continuing a move that we had seen on Friday.
Gold traded around $2,660 an ounce on Monday, on track for its biggest quarterly gain since early 2016, driven by repeated record highs in recent sessions as confidence grows that the Federal Reserve will deliver more U.S. interest rate cuts.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The gold market continues to see a lot of volatility but on Friday we saw the profit taking take over the overall attitude.
The gold market initially rallied during the trading session on Thursday but started to show signs of exhaustion again.
Gold prices climbed above $2670 per ounce on Wednesday, hitting another record high, as expectations of further monetary easing and rising geopolitical tensions boosted the appeal of the precious metal.