The Gold buyers have entered today after not being able to extend below the most recent lows From September and December 2011. The rally has taken the price up to the broken underside of the channel trend line at the … Continue reading
Shares are mixed in Asia with most Bourses within 0.25% of their closing levels from yesterday. Gold was up by 0.75% to $1548 but is now starting to ease back off those levels. Oil is trading back above $93/bbl. Any chance … Continue reading
AUD/USD is at session highs near .9950 and dealers say that the market is closely watching the gold price for indicators. There is very important technical support near $1520/25 in Gold and ACBs are also reported to be buying near … Continue reading
There’s just no love for gold these days as it tests US-session lows at $1543 after hitting $1552. Gold fell as low as $1526 in Europe and is on the precipice of breaking some critical support levels. $1522 is the … Continue reading
Word on the street is that sovereigns are lining up bids towards $1520/25 as well as some physical demand from Asia at the same level, but the metal’s under pressure on the back of all the Greek failure to form … Continue reading
Gold has made new year lows today (lowest since December 30 2011). The fall yesterday extended below trend line support on the daily chart above (at the 1578 area) and extended that move today. However, the price is above the closing … Continue reading
Asian central banks like the Bank of Korea have been very patient in recent months, waiting for pullbacks, and the market is expecting to see them buying near $1525. These interbank reports have been very consistent over the last few … Continue reading
The bull run in gold will continue in 2012, says the World Gold Council. Well they would, wouldn’t they?
Gold has fallen sharply today and is below long term trend line support at $1617.50 (now resistance on the weekly chart above). The 100 week MA comes in at the $1512 and the 38.2% of the move up from the … Continue reading
Runnin’ stops after a break of $1625, down to support at the April 4 low of $1611.