Gold (XAUUSD) Up $4.24 On 4 Hour Chart, And A Story About 구성상품 포함 외; Started Today Up 1.03%

Gold 4 Hour Price Update

Updated June 10, 2020 03:18 AM GMT (11:18 PM EST)

Gold is up 0.24% ($4.24) since the previous 4 hours, marking the 2nd candle in a row an upward move has occurred. Those trading within the metals asset class should know that Gold was the worst performer in the class the current 4 hour candle.

Gold Daily Price Recap

Gold came into today up 1.03% ($17.5) from the open of yesterday, marking the 2nd day in a row an upward move has occurred. Gold outperformed all 5 assets in the metals asset class since yesterday. Here is a daily price chart of Gold.

Gold Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 18 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about Gold:

  • From DavidFi_:

    $NG. It is what it is. 40m oz in a remote location. It will cost billions to build it and extract the gold. At some gold price (not 1700) the capex will make sense. You can plug in your own gold price and work out whether it is for you or not. But Bre-X it ain’t. Calm down.

  • From jimrockfordatSH:

    The #gold price looks great – and West Red Lake $RLG $RLG.c $RLGMF is really well bid…With 1.1M ounces (43-101) at 8 cents a share – it’s valued at about 10 bucks an Oz in the ground…That’s cheap! There’s no reason if gold soars we don’t see 200+ an ounce in the ground!

  • From CoolLood:

    @Unathi_Kwaza DO NOT buy any other commemorative coins.
    Don’t buy it as in NEVER, EVER. Their value is determined by sentiment and that is in eye of beholder (and in eye of seller).
    Kruger Rand is legal tender and its value determined by gold price on the day.
    PLUS you will live for ever.

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

인스턴트펑크 공식홈페이지 – [4/29일 예약배송] Circle No.1 – Gold – INSTANTFUNK

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