Yesterday’s gold trading price continued the bullish momentum for spot gold ending the trading session with an up candle but with a deep lower wick suggesting that we should see a stronger move higher in gold prices in the gold term. Indeed this view is...
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Gold Price 15 Sep 2009
Another interesting day for gold traders yesterday, with spot gold prices once again flirting at the $1000 per ounce level, initially opening gapped up above this price point, but finally ending the gold trading session marginally below. From a technical perspective yesterday’s candle ended with...
Spot Gold Prices – Spot Gold Chart 9th September 2009
Another strong day for spot gold prices yesterday which surged higher once again and broke through the psychological $1000 level which arrived sooner than even I expected. Technically yesterday’s candle has a degree of weakness signified by the deep upper wick and whilst this is...
Gold Trading – Gold Trading Chart 20th August 2009
A somewhat desultory day for gold trading today which ended the trading session in a tight range bounded between the 9 and 40 day moving averages. Technically today’s candle was similar in many respects to yesterday’s with a relatively narrow body and lower shadow although...
Gold Trading Analysis 18 August 2009
As spot gold prices continued to slide yesterday I hope you were able to take some profits on the way down as gold trading ended the session on a wide spread down bar which broke below the 40 day moving average closing deep within the...
Spot Gold Prices – Spot Gold Chart 10th August 2009
Friday’s announcement that European central banks had agreed to reduce their annual sales quota of gold bullion by 20% to 400 tonnes did briefly spark some life into spot gold prices, which managed to reach an inter day high of $963 per ounce before falling...
Spot Gold Prices – Daily Gold Price Chart 7th August 2009
The effect of today’s Farm Payroll Data cannot be underestimated for several reasons and proving once and for all the cat’s cradle that is the financial markets. Should the numbers come in better than expected then this will prove beneficial for equities as the market...
Spot Gold Price Chart – Gold Prices 6th August 2009
Although most gold analysts expect spot gold prices to hit the $1000 per ounce mark at some point this is certainly not a given, and despite the bullish sentiment in place on the gold chart technically we are now approaching a pivotal point which will...
Spot Gold Chart – Daily Gold Prices 4th August 2009
Yesterday’s price action on the daily gold chart came as no great surprise following the strong upwards surge on Friday, and ended the trading session as a long legged doji suggesting that we may see a short term pullback in the price of spot gold...
Spot Gold Daily Chart 3 August 2009
Friday’s wide spread up bar on the daily gold chart came as a complete surprise and to be blunt was totally unexpected and impossible to predict as the technical picture was one of a bearish reversal following last Tuesday’s signal and the consequent deeper move...
Gold Chart 31 July 2009
Following the two steep falls in gold prices on Tuesday and Wednesday, yesterday’s up candle provided some relief for gold bulls, ending the session with a narrow spread up bar, which closed the trading session marginally below the 40 day moving average, where the high...
Spot Gold Chart 30 July 2009
Yesterday’s wide spread down bar for spot gold prices, merely served to reinforce the bearish engulfing candle of Tuesday on the daily gold chart, and ended the trading session at $927.20 per ounce, closing well below all three moving averages. The strength and depth of...
