Gold 4 Hour Price Update
Updated January 13, 2021 01:58 AM GMT (09:58 PM EST)
Gold came into the current 4 hour candle up 0.31% ($5.79) from the open of the previous 4 hours, marking the 2nd consecutive candle an increase has occurred. Relative to other instruments in the metals asset class, Gold ranked 2nd since the previous 4 hours in terms of percentage price change.
Gold Daily Price Recap
1855.62915 was the closing price of the day for Gold, resulting in today being one in which price moved up 0.59% ($10.97) from yesterday. On a relative basis, Gold was the worst performer out of all 5 of the assets in the metals asset class today. The daily price chart of Gold below illustrates.
Gold Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Gold’s price has gone up 16 them.
Overheard on Twitter
Behold! Here are the top tweets related to Gold:
- From InvResDynamics:
Note: London is a de facto paper market and the fix is used as conduit as part of the effort to suppress the gold price. This why all of the info reported by the LBMA is more opaque now. The fix data used to be reported an hour after the event. Now it’s delayed 7-8 hours. Why?
- From ch4mez:
@PeterSchiff @SchiffGold Gold price is rigged. This much is obvious. If there was ever a time for gold to shine, it was during the time of the depleted dollar and economic uncertainty, but here we are, in the 1800s still. Its almost like a contact free superior store of value emerged 🧐
- From dinopontino:
@CryptoCrackLord @PeterSchiff He’s in the gold business, makes perfect sense. The war between him and Max K. is rhetoric garbage. They are the same thing. I’m way more interest in how btc could end the fed or possibly lead to true gold price discovery.
As for a news story related to Gold getting some buzz:
Gold and silver settled on a mixed note in the international markets amid strong rebound in the dollar index….At MCX, Gold has support at 49055-48800 levels and resistance is placed at 49550-49800 levels….Silver has support at 64800-64000 and resistance at 66600-67200 levels,” he said.