[caption id="attachment_2101" align="alignright" width="128" caption="Gold continues to soar."][/caption]While all the major currencies continue to provide mix results, there is still one extremely strong in the market - the bullish Gold. During last night gold reached over$1,163 an ounce, making another all time high. However, a recovery of the Dollar, if indeed takes place, has the potential to put an end to Gold's uptrend.
The Dollar corrected some of its losses against the Euro and the Pound during last week's trading session. The Dolla... ( read more )
Posts Tagged with ‘gold price’
November 16, 2009 - Gold Price Continues to Soar, Reaches $1,129 an Ounce!
[caption id="attachment_2101" align="alignright" width="128" caption="Gold continues to soar."][/caption]The strongest trend in the market appears to be the bullishness of gold. Gold continues to break new records on a daily basis, and with a week packed with publications from the U.S economy entering, the main question is, can gold reach higher?
The Dollar continued to weaken during last week's trading session. The Dollar extends its slow yet steady slide against the Euro, and the EUR/USD pair is reaching towards the 1.50 level again. The ... ( read more )
Gold Price – Strong Sell Signal – July 7th 2...
There seems to be a strong sell signal on gold, as there is a good formation on the RSI together with a bearish top channel. here is the video that shows that signal:
September 4, 2008 - ADP Non-Farm Employment Change On Tap
The greenback saw mixed results during yesterday's trading session, and continued it advance against a basket of major currencies. Positive USD positions were supported by a series of events which started after the release of poor Euro-Zone fundamental data. Another help for the greenback was a drop in Oil prices as Hurricane Gustav slowly passed without causing any major damage to energy facilities in the Mexican Gulf. Yesterday, U.S. Factory Orders showed a better than expected rise of 1.3% in July, sending the EUR/USD pair to its lowest leve... ( read more )
September 3, 2008 - The USD’s Bullish Trend Continues Without a Halt
The USD underwent a bullish trading session yesterday, as it appreciated against all of its major currency rivals. The dollar rose 0.6% and closed under 1.4520 versus the EUR in yesterday's trading session, even seeing prices dip under 1.45. Also, the USD saw gains against the GBP, as the GBP/USD pair hit a 2-1/2-year low of $1.7784 before pulling back to $1.7832.
The greenback saw significant bullishness yesterday as a sharp drop in Oil prices and persistent concerns about the health of other major global economies drove investors to posit... ( read more )