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Gold Trading Analysis 11 March 2010 (0)

Published on Thu, 11/03/10 | Gold Trading News

The spot gold price continues to remain mildly bearish with yesterday’s relatively wide spread candle breaking below the 9 and 14 day moving averages above but finding support from the 40 day moving average below.  However, as outlined in previous gold market commentaries owing to the tight bunching of the shorter term moving averages their effectiveness is somewhat diluted at present.   Spot gold prices are likely to remain range bound for the time being trading between $1150 to the upside and $1060 to the downside and only a breach in either direction will signal an associated breakout.  Until then expect further sideways price action and given the recent reversal this is likely to be downside in the short term with a possible bounce higher as we approach $1075 per ounce.  Any breach of this will signal a much deeper move lower, possibly to re-test support at the 200 day moving average.

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Gold Trading Analysis 9 March 2010 (0)

Published on Tue, 9/03/10 | Gold Trading News
Gold Trading Analysis 9 March 2010

Spot gold prices once again continued to struggle to break above the 50 per ounce price handle which seems to be proving a difficult technical area on the daily gold chart.  However, yesterday’s down candle did find some support from the 9 and 14 day moving averages which suggests a degree of bullish sentiment still remains in [...]


Gold Trading Analysis 4 March 2010 (0)

Published on Thu, 4/03/10 | Gold Trading News
Gold Trading Analysis 4 March 2010

Tuesday’s relatively wide spread up candle on the daily gold chart added a further bullish layer to spot gold prices which are now holding well above all of our four moving averages as we begin to approach the key resistance area at $1150 once again.  Yesterday’s narrow spread up bar failed to follow through from [...]


Gold Trading Analysis 1 March 2010 (0)

Published on Mon, 1/03/10 | Gold Trading News
Gold Trading Analysis 1 March 2010

There was little action on the weekly spot gold chart last week with Friday bringing February to a close with a narrow spread down candle but with a deep shadow to the lower body.  Whilst the price action remained range bound during the week Friday’s close managed to hold above all of our four moving [...]


Gold MT4 Trading 25 Feb 2010 (0)

Published on Thu, 25/02/10 | Spot Gold Price - Daily News
Gold MT4 Trading 25 Feb 2010

The bearish tone for spot gold was confirmed once again yesterday on the daily gold chart with gold prices sliding lower, and confirming the pause point at $1125 outlined in Tuesday’s market commentary.  With spot gold now trading in a relatively narrow range the short term moving averages are now tightly bunched and provide little in the [...]


Gold Trading Analysis 23 Feb 2010 (0)

Published on Tue, 23/02/10 | Gold Trading News
Gold Trading Analysis 23 Feb 2010

The gold spot price once again struggled to break above the $1125 per ounce price region, ending the gold trading session lower with a relatively wide spread down candle.  The technical issue on the daily gold chart remains the deep potential resistance now lying ahead in the $1125 to $1130 per ounce region, and with four consecutive [...]


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Gold MT4 Trading 25 Feb 2010

The bearish tone for spot gold was confirmed once again yesterday on the daily gold chart with gold prices sliding lower, and confirming the pause point at $1125 outlined in Tuesday’s market commentary.  With spot gold now trading in a relatively narrow range the short term moving averages are now tightly bunched and provide little in the [...]

Gold Trading Analysis 12 Feb 2010

Yesterday’s wide spread up candle on the daily spot gold chart once again gave some encouragement to the gold bugs, ending the trading session breaking and holding above both the 9 and 14 day moving averages but failing to breach the 40 day which now sits immediately above.   However, the upwards rally of the last [...]

Gold Trading Analysis 11 Feb 2010

Another relatively quiet day for commodities in general which is reflected in the gold spot price which oscillated in a narrow trading range, ending the day as a narrow spread down bar with a short lower wick to the body of the candle.  From a technical perspective the daily gold chart remains little changed from [...]

Gold Trading Analysis 10 Feb 2010

As outlined in yesterday’s gold market commentary Monday’s candle failed to provide any confirmation of Friday’s deep hammer candle which was finally validated Tuesday, with the gold spot price ending the day on a wide spread up bar but which still closed below all three moving averages.  Recent correlation between gold the US dollar has [...]

Gold Trading Analysis 9 Feb 2010

With little meaningful news and markets focusing on the debt problems in Europe it was no surprise to see little price action across virtually all the markets including spot gold.  The gold trading session ended with a very narrow spread up candle and small wick providing little in the way of clues to the short [...]

Gold Trading Analysis 8 Feb 2010

A volatile week for spot gold trading in which we saw the gold price fluctuate over a $70 per ounce range and with the weekly candle closing as a long legged doji suggesting that we could see a turning point in the recent decline from late 2009.  The daily chart would seem to confirm this [...]

Spotgold Trading Analysis 4 Feb 2010

Whilst yesterday’s shooting star candle on the daily gold chart was a signal that all was not well with the recent rally in the gold market, today’s very wide spread down candle seems an over reaction to the weakness of yesterday and can only be attributed to the continuing fall in the euro.  This clearly [...]

Spotgold Analysis 3 Feb 2010

Last week’s series of candles finally delivered for spotgold prices which reversed in dramatic fashion on Monday following stellar ISM data in the US which prompted a rebound in equities with a consequent fall in the US dollar.  Both Monday and Tuesday’s candles saw the gold trading sessions close as wide spread up bars which [...]

Spotgold Trading Analysis 1 Feb 2010

Last week’s spotgold chart provided us with little in the way of either excitement or directional clues, trading in a narrow range between the USD1075 and USD1100 per ounce price band.  Friday’s candle was typical ending as a narrow spread doji cross very similar to that of Thursday.  From a technical perspective the only interesting [...]

Gold Trading Analysis 25 Jan 2010

Friday’s gold trading session ended with a small hammer candle with a narrow body, which came as a welcome relief to gold bulls following two days of sharp declines. With the gold spot price now well below all three short term moving averages the outlook at present remains at present mildly bearish, however, technically [...]

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Gold Trading News

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