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?
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At the end of last week's trading, gold prices rose to more than $2,476 per ounce, a new record level, after a weak report on jobs in the United States of America.
At the start of trading on Thursday, the price of gold jumped towards the resistance level of $2,458 per ounce.
As expected, gold prices rose to around $2,425 an ounce during trading on Wednesday, paring earlier losses driven by safe-haven demand amid fears of an escalation in the Middle East conflict.
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I continue to focus on the $2,400 level as it was a major area of noise in the past.
Gold price has surpassed the psychological resistance of $2400 per ounce at the beginning of this week's trading, continuing its gains from the previous session
By the end of last week's trading, the price of gold rose to $2,390 per ounce before closing at $2,388 per ounce.
I see that we are approaching the crucial $2,400 level.
Gold prices failed to sustain their upward momentum yesterday, unable to breach the resistance level of $2432 per ounce.
Gold prices are in a rebound mode this week, gaining above the $2419 resistance level and recovering from last week's losses that took the price down to the $2384 support level.
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At the beginning of this week’s trading, the gold price attempted to rebound upwards due to US political concerns.
Gold futures fell below $2,400 per ounce, ending the trading week as traders took profits ahead of the weekend.
Gold hit a new all-time high as it moved towards the $2,483 resistance level per ounce, with gains driven by growing optimism that the Federal Reserve will cut US interest rates as early as September.
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Gold prices have hit a record high as hopes for U.S. interest rate cuts grow and some traders intensify their bets on a second term for Donald Trump.
For four consecutive trading sessions, the price of gold has been in an upward rebound.
Gold prices are holding near record levels with growing optimism about interest rate cuts from the U.S. Federal Reserve.