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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 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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Spot Gold 26 Jan 2010

Following last year’s impressive 30% rise spot gold has had its worst start in 14 years falling over 6% and tumbling to a low of $1322.62 per ounce in yesterday’s gold trading session.  A number of technical and fundamental reasons have been posited for such...

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Spot Gold 1 Dec 2010

A strong performance for spot gold yesterday which closed the gold trading session as a wide spread up candle which finally broke out from the recent sideways consolidation of the past few weeks.  In addition to injecting some much needed momentum into the gold chart,...

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Spot Gold 29 Nov 2010

Spot gold prices continued to consolidate during much of last week with Friday’s gold trading session ending on a mildly negative tone as traders closed positions ahead of the weekend.  However, despite ongoing worries this has failed to convert into a more positive tone for...

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Spot Gold 10 Nov 2010

An interesting and volatile for spot gold yesterday which saw the precious metal reach a high of $1424 per ounce and low of $1383 before closing the gold trading session as a narrow spread down candle but with wicks to both top and bottom, and...

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Gold Trading Analysis 8 Nov 2010

The longer term bullish trend for the spot gold price continued once again on Friday with the precious metal testing a low of $1343.46, only to close higher once again at $1394.75 ending the gold trading session as a narrow spread up candle but with...

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Gold Price Analysis

Yesterday’s candle on the daily gold spot chart gave us a strong signal once again that the bullish sentiment for the commodity remains firmly in place with the low of the day bouncing off the 40 day moving average and subsequently recovering to hold above...

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