Gold 4 Hour Price Update
Updated February 23, 2021 01:59 AM GMT (09:59 PM EST)
Gold entered the current 4 hour candle at $1810.34998, up 0.14% ($2.54) from the previous 4 hours. 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 is up 1.48% ($26.35) since the previous day, marking the 2nd day in a row it has gone up. Out of the 5 instruments in the metals asset class, Gold ended up ranking 3rd for the day in terms of price change relative to the previous day. Here is a daily price chart of Gold.
Gold Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Gold’s price has gone down 16 them.
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 josef_moser:
@spignal As a developer I am on the Internet a lot. But this is probably the dumbest thing I read on here all week.If the US, Germany, France, Italy, and China decided to sell all of their gold (approx. 10% of global supply), what would you expect to happen? A gold price crash, exactly.
- From jeff_wagner63:
@fundstrat Tom, having been in commodities for 35 years I’m not concerned. Look at the gold price.. as I said to @jimcramer a while back, gold will not perform if yields rise because of the cost of carry issue. If the market were worried gold would have made new highs by now. 🙂
- From marcvanderchijs:
Imagine where the Gold price would have been without Bitcoin (at least $3000?). So much money is flowing into BTC instead of into Gold (or out of Gold into BTC). No wonder Gold bugs are so negative about BTC. They don’t want this change, their wealth or business depends on it.
For a longer news piece related to XAUUSD that’s been generating discussion, check out:
LIVE Virtual Event ONLINE EVENTYou will be sent an email with the access link after you register!…Thursday, February 25th 11am AEDT (Sydney) Wednesday, February 24th 7pm EST (New York) Time left until registration closes: Harry Dent and James Rickards are gearing up to meet face to face in a live debate to discuss in depth the future of gold and how to make more informed investment decisions in 2021 and beyond….I’m expecting gold to go up…to $2,200 an ounce and then crash back down to its 2015 lows, around $1,000.”Dent also argues that gold has no currency value.