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...
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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...
Daily Gold Price
The slide in the spot gold price appears to have come to an end this morning as normal service has once again been resumed following the conclusion of the G20 meeting at the weekend in Korea. The net result is that further dollar weakness is...
Gold Spot Price 22 Oct 2010
The pullback in the spot gold price continued yesterday with a relatively wide spread down candle which closed the gold trading session at $1324.80 per ounce as it re-engages with a temporary bout of inverse correlation with the US dollar. In other words this week’s...
Spot Gold Analysis 20 Oct 2010
The spot gold price sold off sharply yesterday, along with many other metals in the commodity market, such as copper and silver with crude oil also reacting to the news that China had surprisingly increased its interest rates by 0.25% – news which surprised the...
Spot Gold Analysis 18 Oct 2010
Spot gold prices paused for breath on Friday staging a modest pullback from the high of $1385.10 and ending as a narrow spread down candle with small wicks to both top and bottom. Friday’s high just failed to breach the all time for high of...
Spot Gold 13 Oct 2010
Spot gold continues its relentless climb higher today breaking yet again in new high ground having opened the trading session at $1350.10 to trade at time of writing at $1369.50, marginally below the high of the day of $1373.85 per ounce. The early part of...
Spot Gold Price 11 Oct 2010
The spot gold price climbed higher once again on Friday recovering from Thursday’s sell off which saw the precious metal hit an intra day high and new record at $1364.55 per ounce before pulling back. Friday’s price action was primarily to the upside with the...
Spot Gold Price 7 Oct 2010
The bullish trend for the spot gold price continued higher once again yesterday ending as a relatively narrow spread up candle which touched an intra day high of $1349.60 per ounce before closing marginally lower at $1344.90 per ounce. This positive sentiment for gold has...
Spot Gold Price 5 Oct 2010
The spot gold price roared higher today blasting through the $1340 per ounce price handle and at its current rate is likely to reach our initial $1450 per ounce target much sooner than expected. The march higher by gold has been aided and abetted by...
