Gold Slumps as Euro Strengthens
January 24, 2011 9:56 pm by Russell GlaserThe EUR/USD came off its highs during the US trading session but the pair continues to show considerable strength, hinting that the euro rally is not over quite yet. Spot gold prices fell to their lowest level in over two ...
Technical Update – Spot Gold Head and Shoulders Pattern
January 20, 2011 4:43 pm by Russell GlaserThe daily chart for spot gold shows a head and shoulders top reversal pattern whose neckline was breached today, setting the stage for a potentially sharp drop in the value of spot gold.
Daily Decline in Spot Gold Continues
December 23, 2010 5:40 pm by Russell GlaserSpot gold prices have fallen at the beginning of the New York trading session. The daily candlestick suggests more drops in the price may follow with support coming in at a short term trend line.
Low Volatility Characterizes End of Year Trading
December 23, 2010 1:37 pm by Russell GlaserGold prices were relatively unchanged yesterday as the commodity traded in a tight range. Yesterday’s trading had low volatility and light volume that characterizes end of year trading.
2011 Gold Forecast – Benefits and Risks
December 21, 2010 1:00 pm by Greg HoldenThe dominant story regarding Gold is the bullish run we've experienced since the financial crisis of 2007-2008. More recent news shows a continuation of this trend, but how do we interpret the widening fluctuations in price over the past two ...
Gold Prices Falling as Year End Approaches
December 20, 2010 2:01 pm by Russell GlaserAs the year comes to an end, spot gold prices are down the past two weeks as traders and institutional investors take profit on long positions in the commodity that has appreciated over 25% this year alone.
Bearish Chart Pattern Hints at Reversal for Spot Gold
November 30, 2010 11:33 am by Russell GlaserThe appearance of a head and shoulders reversal pattern provides technical evidence to sell. Other long tern technical indicators support this hypothesis.
Gold Has Strong Support at $1365, Silver Remains above $27.00
November 26, 2010 11:26 am by Natalie R.Gold continued its decline in European trading today, dropping to $1365 an ounce from an overnight price of $1372. The decline came as the dollar strengthened further versus the euro, as the ERU/USD pair reached a two week low of ...
Silver in a Tight Range, Sees Support at $27.00 an ounce
November 25, 2010 1:27 pm by Natalie R.Silver followed a similar pattern to Gold over the past two days, declining slightly from yesterday’s New York closing price; spot silver is currently at $27.33, down 24 cents, having consolidated in a tight range this week. Silver has been ...
Gold at Two Week High over Euro-Zone, North Korea
November 23, 2010 11:18 pm by Natalie R.Europe’s sovereign debt concerns and escalating tensions between North and South Korea boosted Gold prices to a two week high as investors fled to the safety of the metal. Political and economic uncertainty tends to benefit the commodity as it ...
