December gold futures closed the week higher once again ending the gold trading session and the week at $1772.70 per ounce and pushing towards the $1800 per ounce region again. Friday’s trading session was relatively muted following Thursday’s surge higher with gold propelled upwards following...
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...
Gold Futures Analysis 1 June 2012
A hugely positive day for gold bulls today as the precious metal found some very strong momentum breaking through its recent sideways congestion. The strong platform of support in the $1520 per ounce price area provided the springboard and with the price of gold...
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...
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...
Spot Gold 17 Dec 2010
The short term bearish picture for the spot gold price continued this week as the precious metal ends the year on a muted note following several months of sustained gains as it consolidated in the $1375 to $1425 per ounce region. Gold trading this week...
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,...
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...
Spot Gold Weekly Chart 22 Nov 2010
The weekly chart gold chart once again confirms the bullish picture for gold and despite many analysts and commentators suggesting that the present bullish trend is over, from a technical perspective this is clearly not the case as evidenced by the weekly chart. Whilst gold...
Spot Gold 18 Nov 2010
Following yesterday’s small hammer candle on the daily gold chart the spot gold price has recovered some of its poise today climbing back above the 40 day moving average to trade at time of writing at $1354.19 per ounce. As such we are now trading...
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...
Spot Gold 9 Nov 2010
The bullish trend for spot gold shows no sign of abating with the spot gold price surging higher once again yesterday to close at $1405.50 per ounce, having achieved an intra day high of $1410.40. This bullish sentiment has spilled over in today’s gold trading...