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Gold Spread Betting Analysis
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22 May 2013 update -
The gold spread betting market closed lower on Tuesday and the mid-range close sets the stage for a steady opening when Wednesday's session begins trading. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, April's low crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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Gold Spread Betting Companies
You can take positions on a range of commodities spread betting markets with the following companies.
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| Gold (spread size) |
4 |
5 |
5 |
4 |
4 |
4 |
4 |
| UK Crude Oil (spread size) |
5 |
5 |
4 |
4 |
6 |
4 |
5 |
| Commodities (min stake) |
£1 |
£1 |
£1 |
£1 |
£0.50 |
£0.50 |
£1 |
| Commodities (more available) |
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Commodities spread betting may also be available with other companies - notes.
For more on trading the gold market see spread betting on gold.
Gold Spread Betting Analysis
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21 May 2013 update -
The gold spread betting market posted a key reversal up on Monday and the high-range close sets the stage for a steady-to-higher opening when Tuesday's session begins trading. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, April's low crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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20 May 2013 update -
The gold spread betting market closed lower on Friday. The low-range close sets the stage for a steady-to-lower opening when Monday's session begins trading. Stochastics and the RSI remain bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, April's low crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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17 May 2013 update -
The gold spread betting market closed lower on Thursday and the mid-range close sets the stage for a steady opening when Friday's session begins trading. Stochastics and the RSI have turned bearish signalling that additional weakness is possible near-term. If it extends the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target. Closes above the 20 day moving average crossing would confirm that a short-term low has been posted.
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16 May 2013 update -
The gold spread betting market closed lower on Wednesday and the low-range close sets the stage for a steady-to-lower opening when Thursday's session begins trading. Stochastics and the RSI have turned bearish signalling that additional weakness is possible near-term. If it extends the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target. Closes above the 20 day moving average crossing would confirm that a short-term low has been posted.
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15 May 2013 update -
The gold spread betting market closed sharply lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening when Wednesday's session begins trading. Stochastics and the RSI have turned bearish signalling that additional weakness is possible near-term. If it extends the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target. Closes above the 20 day moving average crossing would confirm that a short-term low has been posted.
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14 May 2013 update -
The gold spread betting market closed sharply lower on Monday and the mid-range close sets the stage for a steady opening when Tuesday's session begins trading. Stochastics and the RSI have turned bearish signalling that additional weakness is possible near-term. If it extends the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target. Closes above the 20 day moving average crossing would confirm that a short-term low has been posted.
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13 May 2013 update -
The gold spread betting market closed lower on Friday. The mid-range close sets the stage for a steady opening when Monday's session begins trading. Stochastics and the RSI are turning neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted while opening the door for additional weakness near-term.
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10 May 2013 update -
The gold spread betting market closed lower on Thursday while extending the trading range of the past two weeks. The low-range close sets the stage for a steady-to-lower opening when Friday's session begins trading. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.
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09 May 2013 update -
The gold spread betting market closed higher on Wednesday and the high-range close sets the stage for a steady-to-higher opening when Thursday's session begins trading. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target.
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08 May 2013 update -
The gold spread betting market closed lower on Tuesday and the mid-range close sets the stage for a steady opening when Wednesday's session begins trading. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target.
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07 May 2013 update -
The gold spread betting market closed higher on Monday. The mid-range close sets the stage for a steady opening when Tuesday's session begins trading. Stochastics and the RSI remain bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target.
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03 May 2013 update -
The gold spread betting market closed higher on Thursday. The high-range close sets the stage for a steady-to-higher opening when Friday's session begins trading. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target.
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02 May 2013 update -
The gold spread betting market closed lower on Wednesday and the mid-range close sets the stage for a steady opening when Thursday's session begins trading. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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30 April 2013 update -
The gold spread betting market closed lower on Monday and the mid-range close sets the stage for a steady opening when Tuesday's session begins trading. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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29 April 2013 update -
The gold spread betting market closed lower on Friday and the low-range close sets the stage for a steady-to-lower opening when Monday's session begins trading. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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26 April 2013 update -
The gold spread betting market closed sharply higher on Thursday as it extends the rally off last week's low. The high-range close sets the stage for a steady-to-higher opening when Friday's session begins trading. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
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25 April 2013 update -
The gold spread betting market closed higher on Wednesday and the high-range close sets the stage for a steady-to-higher opening when Thursday's session begins trading. Stochastics and the RSI are bullish hinting that a short-term low might be in or is near. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target.
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24 April 2013 update -
The gold spread betting market closed lower on Tuesday and the mid-range close sets the stage for a steady opening when Wednesday's session begins trading. Stochastics and the RSI are bullish hinting that a short-term low might be in or is near. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target.
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23 April 2013 update -
The gold spread betting market closed higher due to short covering on Monday and the mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI have turned bullish hinting that a short-term low might be in or is near. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target.
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22 April 2013 update -
The gold spread betting market closed higher due to short covering on Friday and the mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are turning neutral-to-bullish hinting that a short-term low might be in or is near. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target.
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With financial spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital. Please familiarise yourself with the risks that are involved and before trading, ensure that financial spread betting matches your investment objectives. Seek independent advice where necessary.
Gold Spread Betting Analysis - edited by PipTrade, 22 May 2013.
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With spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital so please familiarise yourself with the risks that are involved and, before trading, ensure that spread betting matches your investment objectives. Seek independent advice where necessary.
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* Based on current UK tax law. Tax law may change and can differ depending on your personal circumstances.
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