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Bullish tone for gold futures set to continue

The December gold futures contract closed the session at $1734.90 per ounce, reversing yesterday’s small pullback having just failed to breach the $1740 per ounce in the trading session. For the second day in succession we have now seen an “inside day” on the daily...

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Gold futures pause at $1700 per ounce level

The price of gold has paused for breath over the last few days following the sharp rise of last week, and with a holiday shortened week, the market has drifted sideways, as the December gold futures flirt with the $1700 per ounce level. Friday of...

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Gold Analysis 6 June 2012

Not a great day for gold bulls as the gold price ran into the strong area of resistance in the $1640 price region.  However, a great day for intraday gold traders who managed to capitalise on this failure to penetrate this area in the last...

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Gold Trading Analysis 5 June 2012

Following the strong rally for spot gold last Friday the precious metal traded in a narrow range yesterday, consolidating the gains which saw it move from a low of $1544 per ounce to close ahead of the weekend at $1622.78 per ounce.  Friday’s high of...

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Gold Analysis 4 June 2012

Following last Friday’s strong performance by gold which saw the precious metal almost reach $1630 per ounce on the day it’s been no surprise to see the commodity fall back in early trading on the physical exchange with the price of gold twice basing in...

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Gold Futures Analysis 1 June 2012

A hugely positive day for gold bulls today as the precious metal  found some very strong momentum breaking through its recent sideways congestion.   The strong platform of support in the $1520 per ounce price area provided the springboard and with the price of gold...

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Gold Analysis 30 May 2012

Today has been a great day for gold bulls with the price of gold rising almost $20 dollars at time of writing.   For online gold trading this move is best seen in our Hawkeye tick charts which are colour coded according to the internal...

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Has gold lost its glitter?

The recent hard sell off in gold which started on 29th February when the price fell over $100 has been attributed to a number of things, including hedge funds taking profits as well as a strengthening US dollar. Since then the price of gold has...

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Using the CFTC cot report for market sentiment

For those of you who follow my regular forecasts and updates will already know that I primarily trade in both commodities and forex using my own unique analytical methods which I call transactional trading. Last month I was invited by the CME to talk about the...

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Gold Update

All my gold analysis is now on my personal blog :  post of 3rd May pre-empted huge fall in spot gold prices.  Next stop for gold price could be as low as $1400 to $1412 per ounce which is where 100 day moving average.  On...

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