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Bullish tone for gold futures set to continue

The December gold futures contract closed the session at $1734.90 per ounce, reversing yesterday’s small pullback having just failed to breach the $1740 per ounce in the trading session. For the second day in succession we have now seen an “inside day” on the daily...

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Gold Analysis 6 June 2012

Not a great day for gold bulls as the gold price ran into the strong area of resistance in the $1640 price region.  However, a great day for intraday gold traders who managed to capitalise on this failure to penetrate this area in the last...

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Gold Analysis 4 June 2012

Following last Friday’s strong performance by gold which saw the precious metal almost reach $1630 per ounce on the day it’s been no surprise to see the commodity fall back in early trading on the physical exchange with the price of gold twice basing in...

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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...

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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...

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Gold Trading Analysis 21 Feb 2011

Since our last look at the spot gold price on 26th January when many so “experts” were predicting an imminent price collapse the metal appears to have regained its mojo and is trading at time of writing at $1402 per ounce and will soon be...

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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...

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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,...

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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...

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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...

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