The gold price on Wednesday, continued to push towards the all time high for the gold, briefly touching the $1022 per ounce level before ending the gold trading session marginally lower, but with a wide spread up bar which reinforced Tuesday’s bullish sentiment in the...
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Spot Gold Prices – Daily Gold Chart 13th September 2009
A strong week for spot gold prices, with the gold market flirting at the $1000 per ounce level once again, and of course all gold traders and market analysts are now asking themselves whether we are likely to see a failure at this price level...
Spot Gold Price – Daily Gold Chart 7th September 2009
Following the dramatic breakout from the pennant pattern for spot gold prices last week, there is only one item of interest for gold trading this week, and that is simply which day will see the $1000 per ounce price level broken once again. Sadly Friday...
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 Price – Daily Gold Chart 5th August 2009
Spot gold prices (much like crude oil prices) shrugged off their own market fundamentals of weak demand and lack of volume in gold future by ending the day on a wide spread up bar closing well above all three moving averages which are now pointing...
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 Prices – Daily Gold Chart 15th July 2009
Yesterday’s trading in spot gold was characterized by a symbiotic relationship between the fundamental news and the technical picture on the gold chart. A combination of higher than expected PPI data in the US, raising inflationary expectations, coupled with gold prices clinging to the $900...
Spot Gold Prices – Daily Gold Chart 14th July 2009
Yesterday’s rally in spot gold prices came as result of a mild rebound in equities and a slide in the US Dollar. With Goldman Sachs expected to show stellar results before today’s bell we may yet see further rises in the price of gold. However,...
Gold Spot Price – Gold Price Daily Chart 13th July 2009
Although the pendulum is still swinging between the inflationists and deflationists recent data has suggested that the global economy may be facing more of a danger from the latter and this is impacting the price of spot gold which on Friday finished $1.05 down to...
Spot Gold Prices – Daily Gold Chart 10th July 2009
Yesterday’s modest rebound in the price of spot gold was not entirely unexpected given the extent of Wednesday’s sell off. However, despite some support from a weaker US dollar it was the continuing fall in crude oil prices which appeared to hamper any serious rally...
