Gold (XAUUSD) Down $5.5 in Last 4 Hours, Started Today Down 0.66%; Nears 200 Day Moving Average

Gold 4 Hour Price Update

Updated January 14, 2021 02:00 AM GMT (10:00 PM EST)

Gold came into the current 4 hour candle down 0.3% ($5.5) from the open of the last 4 hour candle, marking the 2nd consecutive candle a decrease has occurred. Relative to other instruments in the metals asset class, Gold ranked 4th 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 1843.41 US dollars, down 0.66% ($12.22) from yesterday. Relative to other instruments in the metals asset class, Gold ranked 3rd since yesterday in terms of percentage price change. Here is a daily price chart of Gold.

XAUUSD

Gold Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 16 out of the past 30 days.

Overheard on Twitter

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

  • From luckyorange1812:

    @DRO88O @Mojo98997270 Naughty naughty 😁 They will be keen whilst the gold price is at these levels, he can’t give anything away in interviews but he will do what is right for shareholders #ECR seems an honest very experienced guy and I am wary of CEO’s , almost like grist to the mill for him 🤔

  • From ch4mez:

    @PeterSchiff @SchiffGold Gold price is rigged. This much is obvious. If there was ever a time for gold to shine, it was during the time of the depleted dollar and economic uncertainty, but here we are, in the 1800s still. Its almost like a contact free superior store of value emerged 🧐

  • From dinopontino:

    @CryptoCrackLord @PeterSchiff He’s in the gold business, makes perfect sense. The war between him and Max K. is rhetoric garbage. They are the same thing. I’m way more interest in how btc could end the fed or possibly lead to true gold price discovery.

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


Gold Price Analysis: XAU/USD eyes $1876 but needs acceptance above critical $1863 cap – Confluence Detector

A sustained break above that level is needed to take on the next barrier aligned at $1869, which is the confluence of the pivot point one-day R1 and SMA50 one-day….The TCI (Technical Confluences Indicator) is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc….Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors….Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.