Forex | Forex Strategies | Spot Gold Price Trading Analysis (04/09/2009 07:27:54)

Spot Gold Price Trading Analysis

Speculation surrounding the sudden surge in gold prices continues and summed up the FT's Alphaville Blog simply as "gold madness" for which no one has a good explanation.   Whatever the reasons (fundamental, technical or a blend of the two)  following the breakout from the pennant pattern on the daily gold chart on Wednesday, yesterday's price action simply confirmed the move as expected with a surge higher in gold prices which ended the day on a wide spread up bar, and just failing


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