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Author Archives: gerryrawdon

Gold Technical Analysis – Trend line breakout 10/2/2012

Gold Technical Analysis – Trend line breakout 10/2/2012

Gold Analysis Update (XAUUSD) See the homepage for recent Gold trading analysis Gold has moved below the ascending trend line we highlighted earlier this week.  This is currently in the early stages of a breakout and a move below 1710 (the weeks low) would add further bearish weight to the current scenario and make the likelihoodContinue Reading

Gold Intraday Analysis Update – Flag Breakout

XAUUSD Gold Analysis Gold Analysis Update: The dollar is retracing some of yesterday losses and moving to the upside.  XAUUSD  has subsequently dropped towards the 1711.50 weekly low and is threatening to take the level out after a flag pattern formed and subsequently broke on the lower timeframe (update: level now penetrated).  See the 15Continue Reading

Gold Reversal At Fibonacci Level Follows NFP Data release

Gold Reversal At Fibonacci Level Follows NFP Data release

Gold reversal At 61.8% Fibonacci Retrace Gold has printed the largest single day decline in over 4 weeks and dropped one percent after reassuring U.S. NFP data killed near term expectations of additional financial stimulus from the FED.  This has seen the formation of a bearish engulfing candle on the daily timeframe which is signalingContinue Reading

EURUSD Flat Prior To NFP Data Release

The European single currency dropped versus almost all of the majors as Greece is coming to the end of another week and yet to reach a comprimise with private investors. The single currency was weaker as the Greece debt-swap deal remains unresolved. The Japanese yen increased in price to nearly hit a postwar high versusContinue Reading

Gold Heading For Over 10 Percent Gain In january

Gold Heading For Over 10 Percent Gain In january

Gold Strength Could See Biggest Monthly Gain Since August The price of Gold moved higher on Tuesday and bullion is on course for the most significant monthly rise since the month of August.  Gold gained almost 5% in the previous week and continued the upside trend that has been in place for a month now,Continue Reading

Gold Pushes To Near Two Month High On Dollar Weakness

Gold (XAUUSD) Analysis Update The strong dollar has weighed heavily on gold in recent times but the past weeks price action has seen the greenback lose ground against the likes of the major currencies and commodities. The $1800 per ounce level is the next key area if price moves to the upside this coming week. Continue Reading

Gold (XAUUSD) Technical Levels Update 14/1/2012 – Gold strength On Flight To safety

Gold Strength Observed Over The Week But Capped On Profit Taking Gold dropped 1 percent as the week drew to a close yesterday; this came on the back of the dollar strengthening versus the euro after rumours of an upcoming credit downgrade associated with major euro area nations hit the markets. Standard & Poor’s subsequentContinue Reading