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Daily Decline in Spot Gold Continues
Spot 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....
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Technicals Show Potential Pullback in Gold Prices
Spot gold prices continue to climb but price stalled at a previous all-time high and the commodity looks to head lower. Following a failed breach of the resistance level at $1423 the price of spot...
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Technical Update – Spot Gold Head and Shoulders Pattern
The 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. The left...
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Gold Slumps as Euro Strengthens
The 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...
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AUD Takes Dive Following Employment Reports
At the start of today’s economic calendar there was a severe blow to the Australian dollar. Amid the horrendous floods presently afflicting the nation, the Australian employment change report also...
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