Gold (XAUUSD) Up $6.94 Over Past 4 Hours, Started Today Up 0.38%; Pin Bar Pattern Appearing on Chart

Gold Daily Price Recap

Gold came into today up 0.38% ($7.26) from the open of yesterday, marking the 2nd consecutive day an upward move has occurred. Relative to other instruments in the metals asset class, Gold ranked 4th since yesterday in terms of percentage price change. The daily price chart of Gold below illustrates.

XAUUSD

Gold Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Gold’s price has gone up 6 of the previous 10 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Gold for the past day were:

  • From MaritimeSoul1:

    @silberschmelzer @Rep_man_ @KaroraRes @SilbergleitJr @evolutionice They have already upped the capacity of the mill since being purchased and raised the % of gold being collected. This was all done without any major upgrades, simply just figuring out ways to use the mill more efficiently. Upgrades for mill the will come with higher gold price

  • From Arzitasingh07:

    @chetan_bhagat What a sense less writer, he thinks Indians don’t have aukaat to buy Tanishq, Gold price is same everywhere, only making charge little high in Tanishq, maximum gold indian house wives keep, get the goddamn facts right. Shut up now

  • From switzertime:

    @GlobalProTrader @AlamoTim @PMusgrove62 There will be a lot of very angry and confused people when the gold price is skyrocketing and their ETFs are crashing to zero, or just halted forever one day.