Gold | Forex trading & Analysis

Is Gold set to break another record?

4. May 2010

Share Gold rallied yesterday to as high as 1187$ an ounce as risk aversion sparked by the Greek debt spiral which still looms.EU members have sealed the bailout deal for Greece on Saturday agreeing to an unprecedented €110 billion Euros of bailout from the EU and the IMF. Nevertheless the long waited action failed [...]

Gold under pressure

11. March 2010

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Share Gold shed more than 30$ from its price in recent days settling Â Â Â around 1,108$, as Greek debt woes and lower risk appetite loomed. Â Â Although in the FX arena the Dollar trade rather stabilized with the Â Â Euro and the Sterling rebounding from their lows Gold remained Â Â under pressure. China has [...]

Technical Update-Gold

11. March 2010

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Share Long Term Trading Advise- Current risk reward ratio for a long term bearish trend is rather high, wait for a rebound around 1,120$ and use the 1,130$ key resistance to place your stop loss above it, ride the bearish momentum with 1,072$ as your target. Short Term Trading Advise-For the short term trader a good risk [...]

Time for a Gold rebound

21. February 2010

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Share After being sold heavily since November Gold might finally be in place for a wave of buying. In our last review on Gold we proclaimed that for long term bets on the metal it is best to wait for the tightening threat to pass. Well what has changed? In the Last two weeks two important [...]

Gold Review Feb 10, 2010

10. February 2010

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Share Wednesday, February 10, 2010 Gold edged higher and settled above 1070$ as fears over Greece’s sovereign debt eased.EU members seem to be keen to rescue Greece from a default with Germany at the forefront potentially granting Greek sovereign bonds. As tension over sovereign default eased investors’ appetite for risk recovered and with it Gold price has [...]