Gold (XAUUSD) Up $11.05 Over Past 4 Hours, Started Today Up 0.59%; Price Base in Formation Over Past 90 Days

Gold 4 Hour Price Update

Updated November 13, 2020 08:17 AM GMT (04:17 AM EST)

The choppiness in the recent four-hour candle price action of Gold continues; to start the current 4 hour candle, it came in at a price of 1875.75659 US dollars, up 0.59% ($11.05) since the last 4 hour candle. Relative to other instruments in the metals asset class, Gold ranked 3rd since the last 4 hour candle in terms of percentage price change.

Gold Daily Price Recap

The back and forth price flow continues for Gold, which started today off at 1875.75659 US dollars, up 0.59% ($11.05) from the previous day. Out of the 5 instruments in the metals asset class, Gold ended up ranking 3rd for the day in terms of price change relative to the previous day. Here is a daily price chart of Gold.

XAUUSD

Gold Technical Analysis

Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Gold’s price has gone up 18 them.

Overheard on Twitter

Behold! Here are the top tweets related to Gold:

  • From wisdomswindon:

    @SLowie100 @power_thompson don’t forget #CEY has zero debt so no pressure whatsoever on the balance sheet from temporary bad numbers. even using 1300 aisc & 1800-1850 gold price, the 9p annual dividend is fully covered by FCF.
    If chairman wants SP to rise (he just bought a chunk at 151p) he keeps 9p divi.

  • From iraDaisuke:

    @Nafisafishi What my brother told me gold price naik bila economic not stable. So bila ada vaccine ni so looking forward nnt stable balik hence price jatuh. That’s why normally usd naik (good economy) gold price turun if usd turun (economy unstable) gold price naik. Normally benchmark usd 😅

  • From DavidDeutschOxf:

    @james_barton Emergencies like wars and pandemics suddenly change the relationships between e.g. real wealth and its usual proxies. It’s surely a mistake to call this change a change in wealth.Would be even worse than calling inflation, or a change in the gold price, a change in wealth.