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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...

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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...

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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...

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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...

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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...

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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...

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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...

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