Gold (XAUUSD) Up $3.8 On 4 Hour Chart, And A Link About Vaneck; Pin Bar Pattern Appearing on Chart

Gold Daily Price Recap

1959.31824 was the closing price of the day for Gold, resulting in today being one in which price moved up 0.19% ($3.8) from the day prior. Gold outperformed all 5 assets in the metals asset class since the day prior. Congrats to its holders! The daily price chart of Gold below illustrates.

XAUUSD

Gold Technical Analysis

Volatility for Gold has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Gold’s price has gone up 6 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Gold:

  • From stage274:

    @CryptoElon_Musk @KingJimmyC @JunkoSu22993224 @flipsidecrypto Look I have one thing to say, don’t let Au an Ag get away from you. Gold and Ag in a few years will be the hardest asset to attain.The value at 2k is a steal of a century. The true gold price should be 25k right now. It’s manipulated. But not for long when comex can’t deliver.

  • From daretocontraire:

    @wmiddelkoop @TFMetals Gold price suppression is a national security issue. Rising gold exposes abject policy failure & currency collapse well underway. This flunky will get a wrist slap & the spoofing will continue uninterrupted, until the entire charade collapses, then gold price goes up all at once.

  • From AfzalValli:

    #WSBNFULLY FUNDED DRILL PROGRAM 1 – Wishbone II (High grade gold)
    2 – White Mountain High grade Gold Copper SilverFunded with £700k further £300k 2 follow warrantsWe intend to hit exploration hard and take advantage of the elevated gold price and our excellent gold assets

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

Missed the gold rally? Gold mining stocks are still undervalued as gold price trades above $1,950 – VanEck | Kitco News

(Kitco News) Despite gold’s massive rally over the past year, gold mining stocks remain undervalued, said VanEck.  “Since gold broke out on June 20, 2019 into its current trend, the gold price has gained 45% and the NYSE Gold Miners Index 79%….With higher gold prices, why are the gold stocks still not overvalued?