Gold (XAUUSD) Up 0.15%, Price Base in Formation Over Past 14 Days; And A Story About Charlie
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Gold
(Last Updated January 18, 2021)
Hello! This is the news page for Gold. 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
Nuances in the trend on XAUUSD can be understood by observing the behavior of its moving averages. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bearish, implying a downward trend, save for a jump that occurred about 6 months ago.
Below is a chart showing XAUUSD’s price with its moving averages.
The View From the Weekly Timeframe
At the moment, XAUUSD’s price is down $-21.67 (-1.17%) from the week prior. Moreover, note that this is the 2nd consecutive week XAUUSD has seen its price head 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. The weekly chart below shows XAUUSD’s price action over the past year.
Gold (XAUUSD) in an Uptrend Over Past 30 Days, Price Base in Formation Over Past 14 Days; And A Story About Bullion Bank
Now with current gold price at $1,725, ~ $250 gold price increase without “paying for it”?
Gold (XAUUSD) Tops All metals, Up 1.13%; And A Story About Bullion Bank
To generalize the aussies are better managed to drive shareholder value across the whole cycle and are much more resilient in a downturn.
Gold (XAUUSD) Down 1.57%, Breaks Below 20 Day Average; And A Story About Gold Price
On the comex website it reads: (the london bullion market is an otc market.)
Gold (XAUUSD) Up 0.42%
Note huge spike in m2 revealing 1.8 trillion new dollars created since january.”
Gold (XAUUSD) Heads Down For the 3rd Day In A Row, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Out of the 5 instruments in the metals asset class, gold ended up ranking 4th for the day in terms of price change relative to yesterday.
Gold (XAUUSD) 2 Day Up Streak Snapped, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
From a technical perspective, mckay also sees more price gains….
Gold (XAUUSD) Heads Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days
Demand for gold coins must be seen as a retail sentiment indicator….
Gold (XAUUSD) Up 1.61%
If gold spikes to $10,000 an ounce i am quitting work and going digging.
Gold (XAUUSD) Down 0.25%
The higher the gold price goes the higher those values increase.