Spot gold suffered a minor pullback on Friday ending the gold trading session as narrow spread down candle which closed at $1227.50 per ounce on the week.  The recent upwards trend continues to look very well defined with Friday’s price action finding good support from the 9 day moving average immediately below which again suggests [...]

The spot gold price continues its bullish path, climbing ever closer towards the high of June in a series of small steps.  Yesterday’s narrow spread up candle was underpinned by a deep shadow to the lower body further evidencing this positive sentiment for gold at present with the 9 day moving average providing solid support [...]

The spot gold price continued to bounce higher in yesterday’s gold trading session although it failed to hold above the 14 day moving average, closing the gold trading session as a narrow spread up candle sandwiched between the 9 and 14 day moving average.  Whilst spot gold was helped marginally higher by a further decline [...]

The short term bearish sentiment for spot gold continued yesterday which ended the gold trading session with a wide spread down candle which closed at $1163.15 per ounce, and pushing towards the 200 day moving average which now sits below at $1150 per ounce.  Both the 9 and 14 day moving averages are now adding [...]

The spot gold price continues to slide lower, although with little conviction in the last few days, as the gold market attempts to stabalise around the $1180 per ounce price point.  Yesterday’s attempt to rally was met with resistance from both the 9 and 14 day moving averages which once again confirmed the short term [...]

Spot gold prices moved dramatically lower yesterday ending the day as a wide spread down candle as gold shed almost $44 per ounce, touching $1243.65 at the high with a low of $1196.30, but eventually recovering to close fractionally aboe $1200 per ounce – a rollercoaster ride that was also reflected in the US dollar [...]

Despite considerable dollar weakness profit taking has afflicted the gold market once again as the market hovers somewhat nervously at the $1265 price area. Indeed today’s sell off has sent the price of gold below the 40 day moving average, worrying signal for gold bulls, and should this be confirmed later this evening then the [...]

Spot gold prices peered over the parapet of new high ground but suffered an attack of vertigo and pulled back as a result closing the gold trading session lower with the low of the day finding good support from the 14 day moving average which is encouraging signal for gold bulls.  The only worrying aspect [...]

Spot gold prices ended last week in bullish mood, and much as expected, continued their upwards trend hovering below the all time high of 65 per ounce as we wait for this price to be breached once again.  All of last week’s gold trading sessions were characterised by an excellent support from the 9 and [...]

Spot gold prices fell sharply today resulting in prices breaking below both the 9 and 14 day moving averages as a result and, in addition, breaching the $1200 per ounce level.  Following the recent pause for the gold market, as outlined in my previous market commentary, the strength of this move lower was a surprise [...]