June 7th, 2012 23:13:31 GMT

Gold gets hammered after Bernanke


Obviously a lot of speculators had jumped back on the Gold train buoyed by two strong bullish signals; technical support around $1525 getting truely tested but surviving, and talk of further QE from the Federal Reserve. Mr Bernanke did not … Continue reading

June 7th, 2012 15:10:56 GMT

Gold falls below $1600


The fib numbers might offer some support but $1600 is big level and a close below would be a sell signal.

June 1st, 2012 13:41:31 GMT

Gold over $1600


Highest since early and has broken the 50% retracement of the early-May selloff. The May 8 high of $1604 is still in play as it matches the high of the day. The only way the trades were seeing right now … Continue reading

May 31st, 2012 14:05:52 GMT

Gold takes a big step down.


  Gold just took a big step to the downside – moving $18 in a few minutes of trading. Traders will be watching corrections toward the 1561 – 63 area to cap resistance.  More aggressive sellers would look at the 1559 … Continue reading


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