Gold (XAUUSD) Down $4.04 in Last 4 Hours, Came Into Today Down For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart

Gold Daily Price Recap

Gold came into today down 0.22% ($4.04) from the open of the previous day, marking the 3rd day in a row a decline has happened. Out of the 5 instruments in the metals asset class, Gold ended up ranking 4th for the day in terms of price change relative to the previous day. Here is a daily price chart of Gold.


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. Or to view things another way, note that out of the past 10 days Gold’s price has gone up 5 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!