Spot Gold Prices
This report has been deactivated

0

0
Spot Gold Prices
Thu, Jul 2 2009, 10:14 GMT
by Anna Coulling
Master The Markets

Once again spot gold prices moved in tandem with the US Dollar which
came under pressure following release of the ADP numbers which showed
the private sector had shed 473k jobs against a forecast of 388k.
Reports that China wants the G8 to discuss a new global currency
also boosted the price of gold which is, of course, the world's supreme
hard asset. Interestingly spot gold carried on rising even as crude
oil prices fell. Overall gold ended the session $11.67 higher at
$940.87 per ounce. Technically the gold chart continues to remain in a
delicate position with yesterday's candle closing above the 9 and 14
day moving averages and reversing Tuesday's losses in an engulfing
pattern. However, given the general lack of direction and today's
likely volatility we may see further confused and conflicting trading
signals on the gold chart. My trading suggestion is to step aside for
today and tomorrow and wait for a firm trend to be established once
again which is clearly not the case at present.
The short and medium term is sideways while the long term trend is bullish.
Support: $927.30 (yesterday’s low) Resistance: $961.87 (high of 11/06/09)
Support: $917.85 (low of 22/06/09) Resistance: $958.20 (high of 12/06/09)
Support: $912.70 (low of 23/06/09) Resistance: $946.60 (yesterday’s high)
Published on
Thu, Jul 2 2009, 10:15 GMT
Archive
- Gold Trading
Published On Wed, Sep 16 2009, 07:32 GMT
- Gold Price
Published On Tue, Sep 15 2009, 07:18 GMT
- Spot Gold Prices
Published On Sun, Sep 13 2009, 12:21 GMT
- Spot Gold Price Breakout
Published On Sun, Sep 13 2009, 11:13 GMT
- Spot Gold Prices
Published On Wed, Sep 9 2009, 12:40 GMT
[ View All ]
Master The Markets
| Monument House, 215 Marsh Road, Pinner, Middlesex HA5 5NE.
http://www.currency-trading-forex.com/ | anna@trading-online-help.com
Legal disclaimer and risk disclosure
The information on my web sites and blogs are for your general education only. Trading involves high risk and prices and values of all financial investments and instruments can go down as well as up. All the charts are shown for education purposes only and the words buy or sell are only shown to illustrate a point. All analysis, examples and commentary are provided for educational purposes only, and are strictly on a non-advisory basis. I will not be held responsible for your trading or investing results after reading these sites sites and my trades are not solicitations to buy or sell. I will not be held liable for any loss, howsoever arising, caused by anyone's reliance on information obtained from these sites.
Related reports
London Gold Market Report by BullionVault.com
Fri, Nov 6 2009, 14:27 GMT
Commodities Daily - Most commodities have risen a little overnight. by Danske Bank A/S
Fri, Nov 6 2009, 13:08 GMT
Daily US Opening News by RANsquawk
Fri, Nov 6 2009, 12:54 GMT
US: PREVIEW Non-Farm Payrolls by RANsquawk
Fri, Nov 6 2009, 10:59 GMT
The Commodities Report - Crude slightly lower by KBC Bank
Fri, Nov 6 2009, 10:46 GMT
technew, usd, china, metals, gold, commodities
View All
Related content
Spot Gold Hits Record High Above $1,100/Oz On Weaker Dollar
Dow Jones | Fri, Nov 6 2009, 14:59 GMT
Spot Gold Jumps To Record High After US Payrolls
Dow Jones | Fri, Nov 6 2009, 13:53 GMT
Asian Shares end Higher; Commodity Stocks Gain On Weak USD
Dow Jones | Fri, Nov 6 2009, 09:35 GMT
Kazakh Forex, Gold Reserves Up 0.7% To $20.2 Bln In October
Dow Jones | Fri, Nov 6 2009, 04:25 GMT
UPDATE: Asian Shares Rise On Wall Street Cue; Jobs Data Eyed
Dow Jones | Fri, Nov 6 2009, 04:18 GMT
technew, usd, china, metals, gold, commodities
View All
The Disciplined Trader » USD gains reversed… Will this challenge old highs and lows?
Thu, Nov 5 2009, 01:29 GMT
FX Path » Gold - Hitting New Highs
Thu, Nov 5 2009, 01:28 GMT
The Advisor Weblog » Starting another golden day
Wed, Nov 4 2009, 11:12 GMT
The Advisor Weblog » Take a look at gold
Tue, Nov 3 2009, 16:43 GMT
The Advisor Weblog » Oil and gold falling
Fri, Oct 30 2009, 15:55 GMT
technew, usd, china, metals, gold, commodities
View All
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.