Gold (XAUUSD) Down $6.22 Over Past 4 Hours; Entered Today Down For the 4th Consecutive Day

Gold 4 Hour Price Update

Updated February 17, 2021 01:58 AM GMT (09:58 PM EST)

Gold is down 0.35% ($6.22) since the previous 4 hours, marking the 5th straight candle a decline has happened. Out of the 5 instruments in the metals asset class, Gold ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

Gold Daily Price Recap

Gold came into today down 1.33% ($24.2) from the open of yesterday, marking the 4th consecutive day a decline has happened. 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 yesterday. 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 down. For another vantage point, consider that Gold’s price has gone down 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Gold:

  • From 0w0_Dozer:

    @howaboutseventy @Dman10167 @Xbox I call out shit I don’t like with both platforms. I bashed Xbox for that stupid gold price hike until the brought it down, I wonder why you won’t do the same for a price hike on low quality games. Also it didn’t sell, hence why they made it free for a month.

  • From SluzCap:

    @LawrenceLepard There is a huge amount of bearishness on the gold price right now, but the negative sentiment towards gold equities is even greater. And, this negative sentiment is concurrent with what might be the best macro set up for gold I’ve seen in my career. Ultra bullish, in my opinion.

  • From daretocontraire:

    @S_Mikhailovich @htsfhickey Bankers push the gold price lower and every fault of individual human psychology works to cause the crowd to sell as the price falls, which I view as a grand conspiracy to make me rich, as it allow me to purchase more gold at a lower USD price.

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

Gold Price Today: Gold declines marginally; silver gains Rs 646 | Business News – India TV

Gold declines marginally; silver gains Rs 646 Gold prices declined marginally by Rs 19 to Rs 46,826 per 10 gram in the national capital on Monday in line with weak global cues and rupee appreciation, according to HDFC Securities….Firing between two gropus in Sitapur, Uttar Pradesh

‘Toolkit’ case: First Meeting was held on 11th jan to defame india

Toolkit case: War of words between BJP, opposition over climate activist Disha Ravi’s arrest

Govt insulted farmers, ministers called them them traitors: Priyanka Gandhi

Kanhaiya Kumar to join JDU?