Gold (XAUUSD) Up $0.5 Over Past 4 Hours, 3 Day Up Streak Ended; Price Base in Formation Over Past 30 Days
Also haneti drill has nickel but also interested in the palladium aspect.
Gold
(Last Updated January 23, 2021)
Welcome to the news page for Gold (XAUUSD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
If we observe the 90 and 14 day timeframes, we see a downtrend in place for XAUUSD.
XAUUSD Moving Averages
XAUUSD’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 200 are bearish, implying a downward trend, aside from a rally about 6 months prior. Moreover, today we saw the 50 moving average turn bearish.
Below is a chart showing XAUUSD’s price with its moving averages.
The View From the Weekly Timeframe
Currently, XAUUSD’s price is up $43.32 (2.37%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. XAUUSD’s weekly price action over the past 52 weeks can be seen via the chart below.
Gold (XAUUSD) Down $0.3 in Last 4 Hours, Entered Today Up 0.56%; is Inching Close to 200 Day Average
A rise in rates & a rise in the gold price actually go together.
Gold (XAUUSD) Down $16.33 Over Past 4 Hours, Started Today Down 1.07%; Crosses 200 Day Moving Average
The u.s. government had to confiscate the gold of its citizens to ensure the focused success of the increase in the money supply….
Gold (XAUUSD) Up $1.51 in Last 4 Hours, Started Today Up 0.16%; Doji and Pin Bar Patterns Appearing on Chart
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors….
Gold (XAUUSD) Down $5.5 in Last 4 Hours, Started Today Down 0.66%; Nears 200 Day Moving Average
All risks, losses and costs associated with investing, including total loss of principal, are your responsibility….
Gold (XAUUSD) Up $5.79 in Last 4 Hours; Started Today Up 0.59%
On a relative basis, gold was the worst performer out of all 5 of the assets in the metals asset class today.
Gold (XAUUSD) Down $0.55 in Last 4 Hours, Started Today Down 0.2%; Eyes 200 Day Average
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Gold (XAUUSD) Up $2.59 in Last 4 Hours, 3 Day Down Streak Snapped; Nears 200 Day Moving Average
Or to view things another way, note that out of the past 14 days gold’s price has gone up 8 them.
Gold (XAUUSD) Down $5.97 Over Past 4 Hours, Entered Today Down 0%; Pin Bar Pattern Appearing on Chart
Look at the fines all banks have paid for manipulating gold price.
Gold (XAUUSD) Down $1.62 in Last 4 Hours; Started Today Down 0.33%
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.