Gold (XAUUSD) Down 0.51%; in an Uptrend Over Past 14 Days

Gold Daily Price Recap

Gold entered today at $1725.90002, down 0.51% ($8.9) from the day prior. Out of the 5 instruments in the metals asset class, Gold ended up ranking 4th for the day in terms of price change relative to the day prior. Here is a daily price chart of Gold.

Gold Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Gold’s price has gone up 16 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Gold:

  • From SamsonLi7:

    Wow, Mainland China has become a net exporter of #Gold to Hong Kong in April, the first time since our record in 2011. Probably due to the massive discount in Chinese gold price vs intl price

  • From EzMailey:

    @LAS_7 I got out of $MUX last month.. terrible stock.. held for 4 years, did nothimg but go down slowly.. CEO a charming fellow, but need like $3000 gold price to make money

  • From Guv999:

    @runyamhere First the definition of gold bug : A guy who checks the gold price at 2 AM on his smartphone, if he gets up to go the wash room
    Ha Ha Ha.

As for a news story related to Gold getting some buzz:

Gold Price Outlook Bearish on GDP Data, US-China Tension and Covid-19

Note: Low and High figures are for the trading day.