Gold futures surged higher on Friday with the December Comex contract ending the session and week at $1687.60, it’s highest level for over five months. Friday’s surge in the price of gold was largely triggered by weakness in the US dollar, which sold off during...
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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...
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 price analysis – 16th November 2010
The price of spot gold continued to move lower once again yesterday, following the market’s nervous reaction to a potential interest rate rise in China, sparking fears of falls in demand across the commodity sector as inflation continues to take a firm hold in the...
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...
Gold Trading Analysis 8 Nov 2010
The longer term bullish trend for the spot gold price continued once again on Friday with the precious metal testing a low of $1343.46, only to close higher once again at $1394.75 ending the gold trading session as a narrow spread up candle but with...
Gold Price Analysis
Yesterday’s candle on the daily gold spot chart gave us a strong signal once again that the bullish sentiment for the commodity remains firmly in place with the low of the day bouncing off the 40 day moving average and subsequently recovering to hold above...
Spot Gold Price 1 Nov 2010
Friday’s positive close above all four moving averages for the spot gold price re-established the longer term bullish trend as the gold price ended at $1359.20 per ounce whilst also breaking above the recent sideways price platform. Despite today’s minor pullback spot gold managed to...
