The short term bearish sentiment for spot gold continued yesterday which ended the gold trading session with a wide spread down candle which closed at $1163.15 per ounce, and pushing towards the 200 day moving average which now sits below at $1150 per ounce. Both...
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Spot Gold Trading Chart 26 July 2010
Gold trading continued its sideways price action last week, although we may see a modicum of activity enter the gold market given the likelihood of some serious dollar decline this week as evidenced in the usd index. The spot gold price ended Friday’s gold trading...
Spot Gold Chart Analysis 23 July 2010
Spot gold prices continued to move sideways in yesterday’s trading session, recovering slightly but running into resistance from the 9 and 14 day moving averages, along with the $1200 per ounce price level. The precious metal appears to have rebased at around $1175 per ounce...
Spot Gold Chart 20 July 2010
The spot gold price once again probed lower yesterday further confirming the short term bearish sentiment currently evident in the gold market. Curiously gold continues to move lower as does the dollar, suggesting that their recent inverse correlation is no longer valid. With the 9...
Spot Gold Price Chart 19 July 2010
The spot gold price on the weekly gold chart ended last week as a narrow spread down bar, once again indicative of thin market conditions and a lack of impetus at present. The price action last week closed below the 9 and 14 week moving...
Spot Gold Price Chart 16 July 2010
With spot gold prices on the daily gold chart continuing to move sideways and failing to respond to yesterday’s dramatic fall in the US dollar we can only look to the monthly chart where, for the time being, the outlook remains positive as the spot...
Spot Gold Price Chart 15 July 2010
Spot gold prices ended the gold trading yesterday in a narrow range giving us a doji cross signal which once again confirmed the sideways price action for gold that we have seen for the last 2 weeks. The high of the day once again ran...
Spot Gold Price Chart Analysis 13 July 2010
The spot gold price continued to trade sideways yesterday as the precious metal oscillates between $1185.25 to the downside and $1213.65 to the upside, a range we have now seen for the last two weeks. Yesterday’s price action was mildly bearish, which has been promptly...
Spot Gold Price Analysis 12 July 2010
The spot gold price recovered some its composure on Friday as the gold market closed higher ending the day as a wide spread up candle and breaking above the $1200 price point once again. Friday’s price action followed three days of downside testing with the...
Gold Trading Analysis 8 July 2010
Spot gold prices recovered some of their lost ground yesterday ending the trading session at $1205.15 and breaking back above the psychological $1200 per ounce price handle, having touched a low of $1125.85 during the gold trading session. However, with such a modest rise this...
Gold Trading Analysis 7 July 2010
Mysterious goings on in the gold market as details of a major swap arrangement with the BIS – Bank of International Settlements (Who is the Bank with the Golden Swap!) – as well as news that China does not consider gold to be a major...
Gold Trading News 6 July 2010
Last week’s sharp sell off in spot gold has left the precious metal trading below all three short term moving averages and hints at the possibility of a minor pullback from the $1250 per ounce region. In order to try and gauge the extent of...
