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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 11th May 2009

Slightly better than expected non farm payroll data prompted gold traders into a round of profit taking as equity markets responded favourably to the possibility of a flattening in unemployment and a small positive signal that the worst may now be over.  However, the late...

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Spot Gold Prices – Gold Chart 23rd April 2009

Continuing worries in the financial sector and nervousness about the forthcoming results of the bank stress tests combined with a lower dollar all helped the spot gold price to move higher yesterday.  Gold prices were also given a boost by some short covering and inflation...

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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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Spot Gold Price – Daily Chart 7th April 2009

Spot gold prices fell further again yesterday as suggested in yesterday’s market commentary, closing the day with a wide spread down bar, but more importantly penetrating the next level of support at $885.40, having touched an intra day low of $864.80. Indeed one of my...

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