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Daily Gold Chart – 21 July 2009

Yesterday’s candle on the spot gold price chart, provides us with several interesting points to consider for our daily analysis of the spot gold market today, and one which may indicate the direction for gold prices in the next few weeks. The first point to...

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Gold Chart 20th July 2009

Friday’s candle on the daily gold chart, provided further evidence of indecision and a lack of market direction as traders withdrew from the market ahead of the weekend. With thin trading volume and little in the way of fundamental news, the price of gold drifted...

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Spot Gold Prices – Daily Gold Chart 15th July 2009

Yesterday’s trading in spot gold was characterized by a symbiotic relationship between the fundamental news and the technical picture on the gold chart.  A combination of higher than expected PPI data in the US, raising inflationary expectations, coupled with gold prices clinging to the $900...

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