Home » Gold Trading News » Gold Trading Analysis 10 May 2010

Gold Trading Analysis 10 May 2010

Gold Chart 10 May 2010

Spot gold prices continued to push higher on Friday following the bullish momentum of Thursday’s wide spread up candle ending the trading session with a narrow spread and shadows to both top and bottom.  During the course of gold trading on Friday we once again breached the $1200 per ounce price level, a psychological price point as we now push on towards the previous high at $1225 per ounce which should be achieved in due course.  With excellent support from all of our short term moving averages the outlook looks promising for a continuation of this current bullish rally and a breakout into new high ground in the medium term.  Any short term pullback should be seen as a buying opportunity provided the low of the trading session does not breach the 9 day moving average.

What is the best platform for gold trading?  In my view it is Metatrader 4.  Download your free demo copy of the metatrader 4 software by clicking on the following link, download metatrader free, and get started today.

Gold Market

Gold hits all time high in sterling terms



  1. can i ask you if how much is the value of gold in the phiippines compare into U.S..A Because my anti want to put a business about the trading of gold in the market

  2. admin says:

    the price of gold is fixed each day at 10.30 and 3.00 in London and is given in dollars, euro & sterling. All gold traders and brokers use this as a starting point. I have no idea how this translates into local markets.

Leave a Reply