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Spot Gold Price 1 Nov 2010

Friday’s positive close above all four moving averages for the spot gold price re-established the longer term bullish trend as the gold price ended at $1359.20 per ounce whilst also breaking above the recent sideways price platform.  Despite today’s minor pullback spot gold managed to...

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Gold Spot Price 22 Oct 2010

The pullback in the spot gold price continued yesterday with a relatively wide spread down candle which closed the gold trading session at $1324.80 per ounce as it re-engages with a temporary bout of inverse correlation with the US dollar.  In other words this week’s...

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Spot Gold Analysis 18 Oct 2010

Spot gold prices paused for breath on Friday staging a modest pullback from the high of $1385.10 and ending as a narrow spread down candle with small wicks to both top and bottom.  Friday’s high just failed to breach the all time for high of...

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Spot Gold 13 Oct 2010

Spot gold continues its relentless climb higher today breaking yet again in new high ground having opened the trading session at $1350.10 to trade at time of writing at $1369.50, marginally below the high of the day of $1373.85 per ounce.  The early part of...

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Spot Gold Price 7 Oct 2010

The bullish trend for the spot gold price continued higher once again yesterday ending as a relatively narrow spread up candle which touched an intra day high of $1349.60 per ounce before closing marginally lower at $1344.90 per ounce.  This positive sentiment for gold has...

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Spot Gold Price 5 Oct 2010

The spot gold price roared higher today blasting through the $1340 per ounce price handle and at its current rate is likely to reach our initial $1450 per ounce target much sooner than expected.  The march higher by gold has been aided and abetted by...

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Spot Gold Price Analysis 30 Sep 2010

Having finally burst through the $1300 per ounce price handle on Tuesday the gold market has been taking a breather over the past two days with yesterday’s small doji candle, has been repeated in today’s gold trading session with a similar but slightly larger in...

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Gold Trading Spot Gold 22 Sep 2010

The bullish momentum for spot gold was given a further boost yesterday following the FOMC statement which hinted at further quantitative easing with the precious metal hitting a new of $1290.58 on the day and ending as a wide spread up candle with a wick...

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Spot Gold Analysis 20 Sep 2010

Following the break out into new high ground last week spot gold has continued to move higher in the gold trading session once again today, and currently trades at time of writing $1281.35, marginally below its all time high of $1283.45 per ounce.  As we...

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