Gold (XAUUSD) Up $11.54 Over Past 4 Hours, And A Story About Silver; Moves Up For the 3rd Day In A Row

Gold 4 Hour Price Update

Updated July 08, 2020 07:17 AM GMT (03:17 AM EST)

Gold closed the last 4 hour candle up 0.65% ($11.54); this denotes the 3rd candle in a row an upward move has occurred. Relative to other instruments in the metals asset class, Gold ranked 2nd since the last 4 hour candle in terms of percentage price change.

Gold Daily Price Recap

Gold closed yesterday up 0.65% ($11.54); this denotes the 3rd day in a row an increase has occurred. Out of the 5 instruments in the metals asset class, Gold ended up ranking 2nd for the day in terms of price change relative to yesterday. Here is a daily price chart of Gold.

Gold Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Gold’s price has gone up 10 of the previous 14 trading 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 James78141017:

    Just purchased my first stash of pure silver of 10 ounces and I don’t plan on stopping for the remainder of this month.. I don’t know about y’all, but I saw an estimated gold price at $30k and silver at $3750 AFTER the Global financial reset.. you do the math

  • From Tom_bell_Matee:

    Am I one of the only people here that wouldnt be happy with $0.25?We bought in for a token expecting $1, then the opportunity was realised to be even greater as the gold price started rising.I’m waiting to see what they actually say before I start talking about settling $digg

  • From VarierSangitha:

    There was 31 kgs of gold….in this bag..
    24Ct Gold price per kg in India is RS 48,45,000 approx…
    Means a value of Rs 15 crs plus approx..!
    And that is one bag on one day in one place… !
    Scalp the Theives & Traitors ! (5/n) #Shame #KeralaGoldSmuggling @VMBJP @surendranbjp

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

Gold price falls to Rs 48,100 per 10 gm, silver is Rs 49,600 a kg | Business Standard News

TopicsSilver Prices | MCX | Gold Price

BS Web Team  | 
New Delhi 
Last Updated at July 7, 2020 06:36 IST
https://mybs.in/2YOgqF2
Gold prices on Tuesday fell to Rs 48,100 from Rs 48, 320 per 10 gram, while silver climbed to Rs 49,600 from Rs 48,510 per kilogram, according to Good Returns website….Silver prices also declined by Rs 1,217 to Rs 49,060 per kg from Rs 50,277 per kg in the previous trade.