Gold price forecast analysis

Bulls ’ failure to defend this key level could see the commodity’s price retreat to $3,120. This location on the chart may provide support near the May low, which currently sits just above the upward sloping 50-week moving average. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Gold price forecast analysis shows momentum indicators, such as RSI and MACD, leaning towards bullish continuation. Any break above $2,335 may trigger algorithmic buying by commodity funds.