Gold really broke down today, declining nearly 3%. As shown below, after failing to break above the top of its downtrend channel late last week, the yellow metal broke below its November lows today. The next area of key support is around the $1,600/oz. mark. (It’s at $1,664 right now.)
Tag Archives: metal
Gold Remains in Downtrend
Posted in General, Market Reports, Total Trader Tips, Trade Ideas
| Also tagged Bespoke Premium, downtrend, Gold, key support
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What Happened to Gold?
While the ride has been anything but calm, the S&P 500 has risen about 3% since the start of September. At the same time, however, the price of gold has seen its price decline by nearly 6%. In a three month period where seemingly everything that could go right for gold has occurred, the fact […]
Posted in General, Market Reports, Trade Ideas
| Also tagged bespoke invest, Bespoke Premium, Financial Crisis, Gold, S&P 500
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Aussie bears in charge
The rugby team just lost, the cricket team is no longer the best, the economy is slowing, and now the currency is sliding. Little wonder that sentiment down under is more fragile these days. Indeed, for the Aussie, it now looks as though the bear market has well and truly begun. In early London trading, […]
Posted in CFD Trading, ETFs, Forex Trading, Futures Trading, General, Market Reports, Stock Trading, Total Trader Tips, Trade Ideas
| Also tagged AUD, Aussie, Bear Market, Currency, Economy, kiwi, New Zealand
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Gold Breaking Down?
Gold is down more than $70 this morning, pushing the metal below its 50-day moving average for the first time since July 6th. Its next level of support is at $1,707 (it’s trading at $1,734 now), which was its intraday low on August 25th. Source: www.bespokeinvest.com
Posted in CFD Trading, ETFs, Forex Trading, Futures Trading, General, Market Reports, Stock Trading, Total Trader Tips, Trade Ideas
| Also tagged bespoke invest, Bespoke Premium, Gold, Trading
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Glittering gold
The allure of glistering gold as a store of value in these incredibly uncertain times shows absolutely no signs of faltering, with the price reaching yet another record high of $1,894 an ounce this morning. Perpetuating the surge in the gold price over recent days has been the increased threat of further central bank intervention […]
Posted in CFD Trading, Forex Trading, General, Market Reports, Trade Ideas
| Also tagged Currencies, Economy, Gold, Japanese Yen, rsi, swiss franc
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Gold Bull Market Crosses the 1,000 Day Mark
A bull market is defined as a rally of at least 20% that was preceded by a decline of at least 20%. The current gold bull market — in which the metal is up 158.67% — has now crossed the 1,000-day mark (it currently sits at 1,008 days). The last 20% decline for gold came from September […]
Posted in ETFs, General, Market Reports, Total Trader Tips, Trade Ideas
| Also tagged bespoke invest, Bull Market, Decline, Gold
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Bespoke’s Commodity Snapshot
Below we highlight our trading range charts of ten major commodities. For each chart, the green shading represents between two standard deviations above and below the commodity’s 50-day moving average. Moves above or below the green zone are considered significanly overbought or oversold. The big commodity move so far this week has been in the […]
Posted in General
| Also tagged bespoke invest, Coffee, Copper, Corn, Gold, major commodities, Natural Gas, Oil, Orange Juice, Platinum, silver market, trading charts, Wheat
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Gold Back to New Highs?
Gold is currently up slightly more than $14 on the day and is trading at $1,424/ounce. This level would mark a new closing high for the metal, but it’s still about $7 below its intraday high of $1,431.10 reached on December 7th, 2010. Gold struggled in January, but it completely reversed its 2011 losses in February. At […]
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