Gold (XAUUSD) Up $12.45 On 4 Hour Chart, Nears 100 Day Moving Average; Doji Pattern Appearing on Chart

Gold 4 Hour Price Update

Updated January 04, 2021 01:58 AM GMT (09:58 PM EST)

Gold is up 0.66% ($12.45) since the previous 4 hours, marking the 2nd straight candle an upward move has occurred. Relative to other instruments in the metals asset class, Gold ranked 4th since the previous 4 hours in terms of percentage price change.

Gold Daily Price Recap

Gold is up 0.09% ($1.61) since the day prior, marking the 4th straight day an upward move has occurred. Relative to other instruments in the metals asset class, Gold ranked 2nd since the day prior in terms of percentage price change. The daily price chart of Gold below illustrates.

XAUUSD

Gold Technical Analysis

Volatility for Gold has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Gold’s price has gone up 6 them. As for those who trade off of candlesticks, we should note that we’re seeing doji pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Gold:

  • From Noble_Investor:

    @thrishul Adani green with EPS 1.65 is priced 10 times it Book value. From onion price to Gold price , everything moves based on supply and demand itself. The surge can be created by various factors like low P/E ,high EPS or any other ratio. If something is excess then it will be low value

  • From hellolalitm:

    @PeterSchiff You started saying it is a bubble and was laughing on your podcast when it surpassed gold price per ounce. Still you are saying when you can buy more than 17 ounces of gold per bitcoin. Put a price of bitcoin when you will say you were wrong. You will be wrong every time

  • From Galactic_Trader:

    @Caseforsilver Historically, #silver spikes don’t last nearly as long as #gold price spikes. So silver miners don’t get an opportunity to profit from the high prices. Also, most silver miners are hybrids and produce just as much gold and other base metals. Gold rises & finds a higher plateau.

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


Gold Price Analysis: XAU/USD battles key resistance around $1,900 as bulls brace for 2021

In doing so, the yellow metal extends recovery moves from November 30 to combat a falling resistance line from August 07, 2020….Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress….FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.