Gold (XAUUSD) Down $6.15 On 4 Hour Chart, And A Story About Sreesanth; Price Base in Formation Over Past 30 Days

Gold 4 Hour Price Update

Updated June 19, 2020 07:18 AM GMT (03:18 AM EST)

Gold entered the current 4 hour candle at $1722.69995, down 0.36% ($6.15) from 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

Gold entered today at $1722.69995, down 0.36% ($6.15) from the previous day. Relative to other instruments in the metals asset class, Gold ranked 3rd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Gold.

Gold Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Gold’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

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

  • From pm1my1:

    @geek_breezy @mdluli_marty @KMutisi @kmugova @matigary @MarthaChikata @Davidmuchuchu @garweh2011 @Mavhure @hamburamukaka @jewels_bbyju @JMangoya @MaNondo1978 @munyati01 @abuhassan221 Do you know how the London Bullion Market sets the gold price? It’s a process not too dissimilar to this but instead on once a week it’s twice a day. In Zim which business can’t wait a week to adjust prices? Show me that and I’ll show you a speculator.

  • From MartyLangton1:

    @Shorteverythin1 How is SPX still holding above 3,000? It should be crashing and burning. Answer that and you can use the same logic to try figure out why gold is not much higher. Someone has a thumb on the gold price. Someone is pumping SPX. Manipulating markets!

  • From JohnGal29199288:

    Gold Price Performance vs Fiat Currencies PAST 6 MONTHS:
    United States = +16%
    Canada = +20%
    Union = +15%
    Brazil = +50%
    China = +17%
    Russia = +30%
    Turkey = +34%
    Mexico = +37%
    Remember, it is not that #gold is going up… it’s your currency that is being devalued…

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

Gold Price Today: Gold rises by Rs 18, silver up by Rs 380 | Business News – India TV

Gold Price Today: Gold rises by Rs 18, silver up by Rs 380  Gold prices rose marginally by Rs 18 to Rs 48,220 per 10 gram in the national capital on Wednesday, according to HDFC Securities….Julian calendar’s prediction about world’s end on June 21 leaves Twitterati beserk Chinese smartphone makers tweak strategy to project products as Indian brands Get rid of these 30+ Android apps right now: Here’s why Latest News Chinese sponsorship in IPL helping Indian economy, not other way round: Arun Dhumal Opinion | China knows its game is up ‘Fit and raring to go’: Sreesanth ‘eagerly waiting’ for return as ban nears end Yoga for weight loss: Want to lose 3 kgs in 5 days?