Previous forecasts
Browse earlier Gold outlooks and analysis.
3Jan 2024
The fundamental analysis for the gold market, as of January 3, 2024, must take into account the current macroeconomic environment. Central bank policies, particularly the U.S. Federal Reserve's stance on interest rates amidst inflation concerns, are pivotal in shaping gold's valuation. Economic…
Read forecast: Gold Forecast — 3 January 2024
11Dec 2023
Gold prices are influenced by a multitude of factors including global monetary policy, inflation expectations, and economic uncertainty. The precious metal is often viewed as a hedge against inflation and currency devaluation, making central bank actions such as interest rate changes particularly…
Read forecast: Gold Forecast — 11 December 2023
23Oct 2023
The gold price chart exhibits signs of a bullish momentum in the recent past but shows potential signs of consolidation or a slight pullback. The price is currently trading above both the Bollinger Bands' middle line (SMA) and the upper band, indicating…
Read forecast: Gold Forecast — 23 October 2023
10Oct 2023
On the EURUSD 4H timeframe, the MACD line being above the signal line suggests bullish momentum. Additionally, a price nearing the upper Bollinger Band can indicate the currency pair is overbought. Together, these could imply a potential upward trend exhaustion or a…
Read forecast: Gold Forecast — 10 October 2023
28Sep 2023
Based on multiple technical indicators, gold appears to be exhibiting bearish momentum in the 4-hour timeframe. The short-term Simple Moving Average (SMA) has crossed below the long-term SMA, which is often interpreted as a sell signal by traders. The Relative Strength Index…
Read forecast: Gold Forecast — 28 September 2023