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Gold Rate

The gold spot price ended yesterday’s gold trading session as a wide spread up candle which gave us a bullish engulfing signal as we reversed Wednesday’s losses to close back above the 9 day moving average once again and ending at $1343.55.  As such, yesterday’s...

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Gold Price – Gold Chart 17th September 2009

The gold price on Wednesday, continued to push towards the all time high for the gold, briefly touching the $1022 per ounce level before ending the gold trading session marginally lower, but with a wide spread up bar which reinforced Tuesday’s bullish sentiment in the...

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Gold Trading – Gold Chart 12th August 2009

Trading in gold yesterday was characterized by a total lack of participation as the markets wait on the FOMC rate decision, subsequent statement and their affect on the US Dollar.  From a technical perspective this lack of involvement was reflected on the gold chart by...

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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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