Gold (XAUUSD) Up $1.58 in Last 4 Hours, And A Story About Phillip Streible; Entered Today Up 0.24%

Gold 4 Hour Price Update

Updated December 25, 2020 01:59 AM GMT (09:59 PM EST)

Gold came into the current 4 hour candle up 0.08% ($1.58) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone up. 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 up 0.24% ($4.49) from the open of the previous day, marking the 2nd consecutive day an increase has occurred. Those trading within the metals asset class should know that Gold was the worst performer in the class today. Let’s take a look at the daily price chart of Gold.

XAUUSD

Gold Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 15 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Gold:

  • From Beej31834372:

    @andrew_neal7 @keya5000 @ConroyGoldplc Both #CGNR and #LND in my PF, so you’re both right 😜Worth noting that CGNR JORC is now 1mil oz + due to the gold price increase and cut off grade lowering. It’s not been RNS’d but they’ve tweeted about the 1mil oz JORC a couple of times. 15-20mil oz potential resource.

  • From GMvdWeerd:

    @TheLastDegree His arrogance and calls are very disturbing. On his macro show on 30th of November he said it was a mistake not to have sold all your gold (price =1780). If you challenge him, in a polite way, you get blocked instantly. If not with him, your against him.

  • From Goldismoney1:

    @jamesperloff Gold Price in 1913… $20.67/oz.$20.67 divided by $1868 = 0.01106U.S. Dollar has lost 99.989% of it’s purchasing power against Gold since 1913.

For a longer news piece related to XAUUSD that’s been generating discussion, check out:

Last-minute rally? Gold price to challenge $1,900 next week as investors shift away from risk assets | Kitco News

What could happen is some people choosing to take profits on U.S. equities and deploying capital into assets like gold,” Blue Line Futures chief market strategist Phillip Streible told Kitco News on Thursday….”It is going to be a very strong year for gold….The main reason for gold’s upside potential next year is the reflation trade, Moya added.