Spot Gold Prices
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Gold Trading
Wed, Sep 16 2009, 07:32 GMT
by Anna Coulling
Master The Markets

Yesterday's gold trading price continued the bullish momentum for
spot gold ending the trading session with an up candle but with a deep
lower wick suggesting that we should see a stronger move higher in gold
prices in the gold term. Indeed this view is reinforced by several
candles over the last few days on the daily gold chart which have all
ended the trading session with deep lower wicks which have subsequently
found support from the 9 and 14 day moving averages, which is always a
positive sign that the bullish trend will be sustained. With the daily
close of yesterday finishing well above the $1000 per ounce level we
are now in a strong position to see gold prices push higher from this
solid platform and break well into the $1000 plus region in the medium
term. This trend high is fully supported by all three moving averages
which are pointing sharply higher.
Support: 984.50 Resistance: 1010.60
Support: 964.70 Resistance: 982.78
Support: 944.80 Resistance: 963.25
Published on
Wed, Sep 16 2009, 07:33 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 ]
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