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 Prices – Daily Gold Chart 21st April 2009
Renewed concerns about the health of the US banks and rumours about a suspect blog purporting to have the stress test results for the banks spooked the markets as investors dumped stocks, thereby triggering short covering as they returned into the arms of safe haven...
Online Gold Trading for 20th April 2009
The sell off in gold continued last Friday as risk appetite increased with the market now seeming to think that the worst of this financial crisis may be coming to an end and the earning season, so far, not producing the dire results that many...
Spot Gold Price – Gold Chart 17th April 2009
Yesterday we saw a sharp fall in the price of spot gold as safe haven interest waned following relative stable equity markets as investors decided to take profits, a trend we saw continue in overnight trading with gold futures also suffering from a bout of...
Spot Gold Prices – Gold Chart 16th April 2009
Trading yesterday was once again contained in a very narrow range with both the high and the low of the day sitting squarely between the 9 day and 14 day moving averages, as for Tuesday. In this case we had a small up day with...
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...
Spot Gold Prices – Daily Gold Chart 9th April 2009
The bearish tone in spot gold prices remained firmly in place yesterday closing marginally lower on the day and with a relatively large upper wick indicating a failed attempt to rise during the session, adding to the downward direction. With all three moving averages now...
