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.
Gold markets initially fell during the trading session on Tuesday, reaching down towards the $1325 level, which of course has been important a couple of times in the past.
Gold markets broke down immediately at the open on Monday, gapping lower in a sign of perhaps markets calming down a bit after the United States and Mexico seem to be coming together as tariffs have been averted.
Gold markets rallied rather significantly during the day on Monday, breaking significantly higher as we continue to see a lot of “risk off” trading around the world.
In the early hours of the day, a strong contraction of China's industrial production was announced, confirming the negative expectations of the world's two largest economies due to continued trade war.
Gold prices tried to rally during yesterday's trading, but the gains did not exceed the $1286 level an ounce, after falling the previous session to the $1276 support level, where it is almost stable around at the time of writing.
A new bearish momentum for gold prices ahead of the release of US economic growth figures, which will have a strong impact on the US dollar and therefore on gold prices that are currently established, around $ 1277 an ounce at the time of writing.
