As the appetite for risk returns, as evidenced by firming equities and the prospect that swine flue is perhaps not as virulent or as serious as at first thought, this seems to have had a temporary effect on the safe haven status of gold in...
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Spot Gold Prices – Daily Gold Chart 24th April 2009
Not unsurprisingly investor fears and worries are continuing to push up spot gold prices which yesterday crossed the psychological $900 per ounce price point as I outlined in yesterday’s market commentary, closing the day above both this level and also the 9 and 14 day...
Spot Gold Prices – Gold Chart 23rd April 2009
Continuing worries in the financial sector and nervousness about the forthcoming results of the bank stress tests combined with a lower dollar all helped the spot gold price to move higher yesterday. Gold prices were also given a boost by some short covering and inflation...
Spot Gold Prices – Gold Chart 22nd April 2009
Yesterday was indecisive from a technical perspective, providing little in the way of clues to the future direction of spot gold prices, ending the day with a failed attempt to move marginally higher and closing just on the 9 day moving average which has now...
Online Gold Trading for 20th April 2009
The sell off in gold continued last Friday as risk appetite increased with the market now seeming to think that the worst of this financial crisis may be coming to an end and the earning season, so far, not producing the dire results that many...
Spot Gold Prices – Gold Chart 16th April 2009
Trading yesterday was once again contained in a very narrow range with both the high and the low of the day sitting squarely between the 9 day and 14 day moving averages, as for Tuesday. In this case we had a small up day with...
Gold Prices – Spot Gold Chart 8th April 2009
Gold prices finished higher yesterday gaining almost 10 dollars on the day, as some investors used recent pullbacks as a buying opportunity whilst others preferred to cover their short positions. As the equity markets declined for the second day in a row the need for...
Spot Gold Price – Daily Chart 7th April 2009
Spot gold prices fell further again yesterday as suggested in yesterday’s market commentary, closing the day with a wide spread down bar, but more importantly penetrating the next level of support at $885.40, having touched an intra day low of $864.80. Indeed one of my...
Spot Gold Prices – Daily Candle Chart 6th April 2009
Friday’s candle ended the session with a wide spread down bar, eventually closing at $891.90 per ounce on the day and well below all three moving averages, confirming that the bearish engulfing signal we first saw Wednesday, is now taking full effect in the spot...
Gold Price Today – 3rd April 2009
With stock markets around the world reacting positively to the G20 summit communique yesterday in London, gold prices fell on the day, and closed with a wide spread down bar which finished below all three moving averages. However, it is interesting to note that the...
Gold Prices – 1st April 2009
Yesterday’s candle provided yet more evidence that we are in a period of sideways consolidation for the time being, with an inside day bar on the daily gold chart, with a lower high and a higher low engulfed by the previous day’s trading range, and...
Gold Prices – Daily Candle Chart 30th March 2009
Spot gold prices moved in a wide trading range between a low of $910 and a high of $932 on the day, eventually closing slightly down overall and leaving us with a long legged doji candle reflecting the indecision in the market on the gold...
