Gold Trading
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Simple answers to your Gold Spread Trading questions:
Q) Where can I Spread Bet on Gold?
Q) Where can I Trade Gold for Free?
Q) How to Spread Bet on Gold?
Q) Where can I find Free Real-Time Gold Prices?
Q) Where can I find Free Gold Charts?
Q) Where can I find free Gold Trading News?
Q) Where can I find Gold Technical Analysis?
Q) Where can I find Narrow Gold Spreads?
Q) Where can I find a Free Gold Trading Platform / Software?
Gold Spread Trading
A regular Gold spread trading update by Simon Denham of Capital Spreads. For the latest gold spread trading update, click here.
Gold Spread Betting, 20 January 2012
The gold spread trading market did not benefit in the same way as other risk assets and couldn't sustain its strength from earlier in the day.
This morning the precious metal is at $1654, so for now the short term trend remains intact and the bulls will be looking for a test of resistance around $1670/80 whilst they'll be hoping support at $1639/25 will hold up.
Gold Spread Betting, 19 January 2012
Thanks to a weaker US dollar, gold enjoyed a third day of gains yesterday as investors viewed the dollar denominated commodity spread betting market as a bargain.
Some may see it as ironic that the asset, used recently as a hedge in the market turmoil, has risen on the back of successful debt auction in Germany and Portugal.
The yellow metal ended the day up $7.6 at $1658.5 and now market watchers will see if the support turned resistance level of $1666.1 can be breached. Currently, the precious metal is up at $1663.4.
Gold Spread Betting, 18 January 2012
Gold dipped yesterday as the bulls seem to have lost momentum briefly. With the precious metal at $1652 this morning the recent high around $1665 remains the next hurdle of the bulls.
On the downside they'll be hoping that the near term support at $1640 and $1630 will hold out.
Metal prices have had a good start to the year in general, similar to equity markets, and for that to continue they will rely on a continuation of the build in risk appetite.
Gold Spread Betting, 17 January 2012
Gold’s price was boosted yesterday by a slightly weaker dollar as risk adverse investors searched for an alternative safe haven for their assets.
Unfortunately, with low volumes due to a US holiday, the boost was not one worth shouting about and by the end of the session the yellow metal had only gained $4.7 to end at $1643.4.
At time of writing though, it seems that the Americans feel they missed out on the small rally and are catching up as the precious metal is up at $1660.6.
Gold Spread Betting, 16 January 2012
Commodities spread betting investors may have looked at gold’s performance last week as though it was attempting to make a comeback, with news of possible further monetary stimulus in China and Europe helping spur on the bulls.
But in fashion with Friday 13th, negative news from S&P about their downgrade on 9 European members’ credit ratings sent investors fleeing from gold and into the latest safe haven, the US Dollar.
All in all, the precious metal lost $10.4 to close at $1639.3, which at time of writing is slightly changed, with the yellow brick trading up at $1643.7.
For some, S&P’s downgrade on the 9 Eurozone members wasn’t a shock, after many a warning from the credit rating agency.
Spread betting account holders will still be waiting to see any follow up on the matter though as attention has been swung back to Europe.
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Gold Spread Betting, 13 January 2012
The gold spread betting market saw a halt to its recent strength as it initially rallied but then pulled back in line with equity markets later in the day.
The comments from ECB's Draghi helped it to rally in line with the euro and for now the precious metal seems happy within the mid $1600 area as it trades at $1645 this morning.
As we head into the Indian wedding season this could help support the price of gold and goes someway to show that even if it is expensive, people will buy it if they really want to for a special occasion.
Gold Spread Betting, 12 January 2012
Gold continues its grind higher as the precious metal has made its way back to $1645 which is where it currently sits at the time of writing.
Bullish sentiment towards the yellow brick has really built up in recent days and our spread betting account holders remain heavily long gold.
They are no doubt hoping that this grind higher will continue to test all time highs, although this is some way off.
Gold Spread Betting, 11 January 2012
Gold is creeping ever higher giving the bulls hope that we might see a test of the all time highs set back in August and September last year.
At $1646 this morning upside targets are seen at 1650/60 meanwhile to the downside $1623/04 are seen as support.
Gold Spread Betting, 10 January 2012
With the prospect of a new recession rife on investors’ minds, the current trading view on the commodities spread betting markets seems to be pretty short term.
This means that any rally witnessed is shortly followed by a bout of profit taking, unfortunately not helping markets gain any ground.
Not only this, but outlook on the US dollar is an exciting one, with the American economy in better shape, limiting any potential gains in dollar denominated gold.
So after a small rally in the morning session, gold retracted in the face of the stronger US dollar, ending the day down $5.4 at $1610.9. Currently, the precious metal sits at $1616.4.
Gold Spread Betting, 9 January 2012
The better than expected US jobs figures on Friday meant that demand as a safety net for gold was thin as investors risk appetite returned.
Not only this but a strong US dollar and possibly a bit of pre-weekend profit taking caused the precious metal to finish down $4.8 bucks at $1618.0 after reaching an intraday high of $1631.1 earlier in the session.
Traders have seen the yellow brick rally from as low as $1522.4 since December 29th and technical analysis suggests that this boost isn’t yet over, with a short and long term bullish trend. Currently, gold is trading up on the day at $1620.1.
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Gold Spread Betting, 6 January 2012
Gold is flat this morning having seen a decent gain in the past few days recovering ground above the $1600 level.
At $1623 this morning the bulls seem to being taking a respite for now and will probably wait to see the outcome of the NFP before committing any further.
Gold Spread Betting, 5 January 2012
The gold spread betting market has done well out of the last few days as a bit of risk appetite for the precious metal returns and it also recovers some of its safe haven status.
Up again this morning at $1621 the levels the bulls will be watching to the upside are $1634/40 and to the downside $1609/1594.
Gold Spread Betting, 4 January 2012
Gold has the wind in its sails on the commodity spread betting markets as the yellow metal returned back above the $1600 level yesterday. Still below its 200 day moving average, which sits at $1630, this is the next target for the bulls but there could be quite a bit of resistance here.
The precious metal is trading at $1616 this morning so other key levels to watch are $1590/80/60 to the downside and $1621/30 to the upside.
Gold Spread Betting, 3 January 2012
Gold suffered some selling in between Christmas and New Year but has recovered well in the past few sessions dragging itself back towards the $1600 level.
At the time of writing the yellow brick is trading at $1586 and has been benefiting from the rise in geopolitical tensions in Iran as the safe haven status comes back into play somewhat. Support and resistance is seen at $1560/42 and $1600/13 respectively.
Financial Spreads >>
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Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Gold Trading' by DB, updated 20-Jan-12
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