Spot Gold Price

What The Experts Are Saying About the Gold Price

admin — Fri, 15 Jul 2011 11:22:39 +0000

With the spot gold price now having broken out into new high ground, having touched $1594 per ounce earlier this week, here is a round up of what the experts are saying. However, a couple of points: first the gold price is still some way off its equivalent high of the 1980′s. In other words, [...]

Using the CFTC cot report for market sentiment

admin — Fri, 08 Jul 2011 13:34:47 +0000

For those of you who follow my regular forecasts and updates will already know that I primarily trade in both commodities and forex using my own unique analytical methods which I call transactional trading. Last month I was invited by the CME to talk about the oil market as part of their trading around the world [...]

Gold Update

admin — Thu, 05 May 2011 20:11:07 +0000

All my gold analysis is now on my personal blog : post of 3rd May pre-empted huge fall in spot gold prices. Next stop for gold price could be as low as $1400 to $1412 per ounce which is where 100 day moving average. On the weekly chart the spot gold price has not broken [...]

Gold Trading Analysis 21 Feb 2011

admin — Mon, 21 Feb 2011 11:45:45 +0000

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 looking to re-test the $1420 resistance area in due course. [...]

Spot Gold 26 Jan 2010

admin — Wed, 26 Jan 2011 12:41:16 +0000

Following last year’s impressive 30% rise spot gold has had its worst start in 14 years falling over 6% and tumbling to a low of $1322.62 per ounce in yesterday’s gold trading session. A number of technical and fundamental reasons have been posited for such a fall including investor appetite for risker assets such as [...]

Gold Trading Analysis 18 Jan 2011

admin — Tue, 18 Jan 2011 18:04:00 +0000

The spot gold price firmed up early today on the back of a weaker US dollar and inflation fears but has since softened with a mild return to strength for the US dollar taking the spot rate to $1367 per ounce at time of writing. As I have written in several posts on my personal [...]

Spot Gold 17 Dec 2010

admin — Fri, 17 Dec 2010 18:53:29 +0000

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 has been characterised by the metal trading below the shorter [...]

Spot Gold 1 Dec 2010

admin — Wed, 01 Dec 2010 14:32:21 +0000

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, the close at $1383.95 per ounce also took us well [...]

Spot Gold 29 Nov 2010

admin — Mon, 29 Nov 2010 20:50:10 +0000

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 which is odd given the nervousness of the [...]

Spot Gold Weekly Chart 22 Nov 2010

admin — Mon, 22 Nov 2010 11:58:50 +0000

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 prices closed lower once again last week, the precious metal [...]

Spot Gold 18 Nov 2010

admin — Thu, 18 Nov 2010 17:25:53 +0000

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 back above the 40 day moving average, a key indictor [...]

Spot gold price analysis – 16th November 2010

admin — Tue, 16 Nov 2010 08:57:24 +0000

The price of spot gold continued to move lower once again yesterday, following the market’s nervous reaction to a potential interest rate rise in China, sparking fears of falls in demand across the commodity sector as inflation continues to take a firm hold in the Chinese economy. Over the weekend however, the People’s Bank of [...]

Spot Gold 10 Nov 2010

admin — Wed, 10 Nov 2010 17:03:49 +0000

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 eventually closing at $1396.35. The candle thus formed is giving [...]

Spot Gold 9 Nov 2010

admin — Tue, 09 Nov 2010 12:44:45 +0000

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 once again, as the spot gold price has continued to [...]

Gold Trading Analysis 8 Nov 2010

admin — Mon, 08 Nov 2010 15:15:04 +0000

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 a deep shadow to the lower body. As such the [...]