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Gold Spot Price – Gold Spot Chart 15th May 2009

The following commentary combines two days of gold trading technical analysis owing to problems with the internet.  Wednesday saw gold prices rise to a six week high of $930.60 per ounce on the back of safe haven buying as equity markets retraced, but in afternoon...

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Gold Spot Price – Gold Chart 8th May 2009

Yesterday’s strong move upwards in spot gold prices in the morning, failed to follow through in the afternoon and evening session as the spot gold market absorbed all the various items of fundamental news and investors took the opportunity to take some profits ahead of...

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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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Gold Prices – Gold Chart 15th April 2009

From a technical perspective, yesterday’s gold trading, provided a narrow spread down candle with small wicks to the top and bottom and suggestive of a spinning top, closing the session between the 9 day and 14 day moving averages. More significantly gold prices failed to...

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