Following last Friday’s strong performance by gold which saw the precious metal almost reach $1630 per ounce on the day it’s been no surprise to see the commodity fall back in early trading on the physical exchange with the price of gold twice basing in...
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Gold Futures Analysis 1 June 2012
A hugely positive day for gold bulls today as the precious metal found some very strong momentum breaking through its recent sideways congestion. The strong platform of support in the $1520 per ounce price area provided the springboard and with the price of gold...
Has gold lost its glitter?
The recent hard sell off in gold which started on 29th February when the price fell over $100 has been attributed to a number of things, including hedge funds taking profits as well as a strengthening US dollar. Since then the price of gold has...
Gold Trading Analysis 21 Feb 2011
Since our last look at the spot gold price on 26th January when many so “experts” were predicting an imminent price collapse the metal appears to have regained its mojo and is trading at time of writing at $1402 per ounce and will soon be...
Spot Gold 17 Dec 2010
The short term bearish picture for the spot gold price continued this week as the precious metal ends the year on a muted note following several months of sustained gains as it consolidated in the $1375 to $1425 per ounce region. Gold trading this week...
Spot Gold 1 Dec 2010
A strong performance for spot gold yesterday which closed the gold trading session as a wide spread up candle which finally broke out from the recent sideways consolidation of the past few weeks. In addition to injecting some much needed momentum into the gold chart,...
Spot Gold 29 Nov 2010
Spot gold prices continued to consolidate during much of last week with Friday’s gold trading session ending on a mildly negative tone as traders closed positions ahead of the weekend. However, despite ongoing worries this has failed to convert into a more positive tone for...
Spot Gold Weekly Chart 22 Nov 2010
The weekly chart gold chart once again confirms the bullish picture for gold and despite many analysts and commentators suggesting that the present bullish trend is over, from a technical perspective this is clearly not the case as evidenced by the weekly chart. Whilst gold...
Spot Gold 18 Nov 2010
Following yesterday’s small hammer candle on the daily gold chart the spot gold price has recovered some of its poise today climbing back above the 40 day moving average to trade at time of writing at $1354.19 per ounce. As such we are now trading...
Spot Gold 10 Nov 2010
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...
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...
