Gold Pops Higher Over Ukraine Tension

Commentary for Thursday, April 24, 2014 (www.golddealer.com) – Gold finally moved higher by $6.30 today closing at $1290.50. In early trading however the market was volatile as short paper traders pushed support lower at one point trading as low as $1268.00. The only reason gold would move between a low…

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Gold Moves Higher as Home Sales Move Lower

Commentary for Wednesday, April 23, 2014 (www.golddealer.com) – Gold moved up $3.60 today closing at $1284.20 in quiet action within a short $8.00 trading range. Most traders are waiting for the other shoe to drop but gold did hold the important 100 day moving average ($1277.00). Aggressive sellers may drop…

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Gold Weaker Testing Short-Term Support

Commentary for Tuesday, April 22, 2014 – Gold closed down $7.40 today at $1280.60 so we continue to test support with lows on the day being $1279.00. Traders will now watch gold’s 100 day moving average ($1277.00) for short-term clues but it might be a mistake to think that recent weakness…

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Gold Markets Closed for Good Friday

Commentary for Friday, April 18, 2014  – Both financial and gold markets are closed today in observance of Good Friday. GoldDealer.com as well as the banks and post office are open and we expect very slow trading conditions at the store which is usually the case over this religious event.…

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