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.
Technicals Show Potential Pullback in Gold Prices
January 4, 2011 2:18 pm by Russell GlaserSpot gold prices continue to climb but price stalled at a previous all-time high and the commodity looks to head lower.
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.
Gold Prices Climbing Despite Year End Trading Conditions
December 22, 2010 2:31 pm by Russell GlaserCommodities rose yesterday and continued to rise in European trading today. Spot gold prices moved higher as the euro fell due to European sovereign debt concerns.
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 Prices Outperform
September 27, 2010 6:12 pm by Russell GlaserThe price of spot gold continues to rise, moving closer to the psychological level of $1,300 as the dollar falls out of favor.
Gold Testing All-Time High, Again
September 1, 2010 1:41 pm by Russell GlaserSpot gold prices have surged and are closing in on their all-time high. Negative risk sentiment surrounding the recovery of the global economy and renewed inflation fears have caused traders to once again begin to bid the price of gold ...
