Gold Daily Price Recap
Gold is up 0.51% ($9.35) since the previous day, marking the 3rd straight day an upward move has occurred. Relative to other instruments in the metals asset class, Gold ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Gold.
Gold Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Gold’s price has gone down 8 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Gold:
- From Buy100ozSilver:
@TraderPamplona Agree. Basically I would be on board with a combination (although not thought through details) and would increase position (as a leverage to gold price play). It also reduces the markets ability to knock the valuation when things do wrong/delayed on any individual asset.
- From StillOnTheMoors:
*Taking his weight as – generously – only 250lb, and today’s gold price, it works out at just over $6.6M. A way to go to billionaire status.
- From Pustayo2:
Ones to watch today with the gold price going up $CWX/ $MHK/ $MXR/ $LCL/ $TSO …. all fantastic projects imo with some serious upside.
For a longer news piece related to XAUUSD that’s been generating discussion, check out:
He emphasized that history shows it’s both normal and natural for gold to experience periods of downward momentum, even when it’s in a bull market….Please remember that by requesting an investor kit, you are giving permission for those companies to contact you using whatever contact information you provide.