(Last Updated July 2, 2020)
Hello! This is the news page for Gold. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for XAUUSD.
Across several time periods between 20 and 200 days, the trend on XAUUSD has remained consistently bullish.
The chart below illustrates.
Obviously there is some risk of a total flame out but i think breakeven on those calls are at about 1x run rate annual cf at the potential worst case.
Creator of bullionix, jesse johnson, expressed his excitement for the integration, stating “by integrating with chainlink, we were able to bring more transparency and decentralization to the tracking of our gold-backed nfts and make our gold markets hub incredibly compelling.”
We are working towards a new technical report to allow us to do so.
On a relative basis, gold was the worst performer out of all 5 of the assets in the metals asset class today.
Every investment portfolio needs gold regularly, when stock markets crash investors flee to gold, causing the gold price to rise….
Relative to other instruments in the metals asset class, gold ranked 2nd since yesterday in terms of percentage price change.
Relative to other instruments in the metals asset class, gold ranked 4th since the previous day in terms of percentage price change.
Gold outperformed all 5 assets in the metals asset class since the last 4 hour candle.
This morning (asian time) breaks through the $1750 barrier i immediately know this time its different.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors….