Gold Daily Price Recap
The choppiness in the recent daily price action of Gold continues; to start today, it came in at a price of 1900.887 US dollars, up 0.53% ($10.07) since yesterday. Out of the 5 instruments in the metals asset class, Gold ended up ranking 2nd for the day in terms of price change relative to yesterday. Here is a daily price chart of Gold.
Gold Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Gold crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 8 out of the past 14 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Gold for the past day were:
- From MaritimeSoul1:
@silberschmelzer @Rep_man_ @KaroraRes @SilbergleitJr @evolutionice They have already upped the capacity of the mill since being purchased and raised the % of gold being collected. This was all done without any major upgrades, simply just figuring out ways to use the mill more efficiently. Upgrades for mill the will come with higher gold price
- From Arzitasingh07:
@chetan_bhagat What a sense less writer, he thinks Indians don’t have aukaat to buy Tanishq, Gold price is same everywhere, only making charge little high in Tanishq, maximum gold indian house wives keep, get the goddamn facts right. Shut up now
- From switzertime:
@GlobalProTrader @AlamoTim @PMusgrove62 There will be a lot of very angry and confused people when the gold price is skyrocketing and their ETFs are crashing to zero, or just halted forever one day.