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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Spot Gold Prices – Daily Gold Chart 13th September 2009
A strong week for spot gold prices, with the gold market flirting at the $1000 per ounce level once again, and of course all gold traders and market analysts are now asking themselves whether we are likely to see a failure at this price level...
Gold Trading – Gold Trading On The Gold Chart 13th August 2009
Gold trading yesterday was driven by a weaker US dollar and higher equities as markets responded favourably to the FED statement in which the Committee kept interest rates on hold, kept their options open regarding their bond buying programme and stated that they believed the...
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...
Spot Gold Prices – Gold Price Chart 11th August 2009
Spot gold prices continued to fall yesterday and ended the gold trading session on a wide spread down bar which crossed both the 9 and 14 day moving averages, the move no doubt accelerated by the stops triggered at the $950 per ounce price handle. ...
Spot Gold Prices – Spot Gold Chart 10th August 2009
Friday’s announcement that European central banks had agreed to reduce their annual sales quota of gold bullion by 20% to 400 tonnes did briefly spark some life into spot gold prices, which managed to reach an inter day high of $963 per ounce before falling...
Spot Gold Price Chart – Gold Prices 6th August 2009
Although most gold analysts expect spot gold prices to hit the $1000 per ounce mark at some point this is certainly not a given, and despite the bullish sentiment in place on the gold chart technically we are now approaching a pivotal point which will...
Spot Gold Price – Daily Gold Chart 5th August 2009
Spot gold prices (much like crude oil prices) shrugged off their own market fundamentals of weak demand and lack of volume in gold future by ending the day on a wide spread up bar closing well above all three moving averages which are now pointing...
Spot Gold Chart – Daily Gold Prices 4th August 2009
Yesterday’s price action on the daily gold chart came as no great surprise following the strong upwards surge on Friday, and ended the trading session as a long legged doji suggesting that we may see a short term pullback in the price of spot gold...
Spot Gold Prices – Gold Price Chart 16th July 2009
Price action on the gold chart seems to be swinging in favour of the inflationists as the US dollar continues to weaken in the face of better than expected fundamental data and talk of additional stimulus measures given the fragility of the economic recovery. For...
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...
Spot Gold Prices – Daily Gold Chart 14th July 2009
Yesterday’s rally in spot gold prices came as result of a mild rebound in equities and a slide in the US Dollar. With Goldman Sachs expected to show stellar results before today’s bell we may yet see further rises in the price of gold. However,...
