Gold (XAUUSD) Up $5.44 On 4 Hour Chart, Underperforms All metals; Entered Today Down 1.57%
A rising #gold price is what central bankers fear most.
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 $1.15 On 4 Hour Chart; Came Into Today Up For the 6th Straight Day
Then put up the gold price to 30 & same time devalued the dollar.
Gold (XAUUSD) Down $1.62 in Last 4 Hours; Entered Today Up 2.33%
However, similar to the lbma gold price, the lme gold reference prices also represent trading of unallocated (synthetic) gold in the london market, and not the trading of physical gold….
Gold (XAUUSD) Up $12.45 On 4 Hour Chart, Nears 100 Day Moving Average; Doji Pattern Appearing on Chart
The surge can be created by various factors like low p/e ,high eps or any other ratio.
Gold (XAUUSD) Up $3.93 in Last 4 Hours, Started Today Up 0.16%; in an Uptrend Over Past 14 Days
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Gold (XAUUSD) Up $5.08 Over Past 4 Hours, And A Link About Rohit Sharma; Entered Today Up 0.82%
Gold price set to rebound and hit hit new highs in 2021.
Gold (XAUUSD) Up $0.19 in Last 4 Hours, And A Story About World Events; in an Uptrend Over Past 14 Days
As operating doubts subside and investors seek max leverage to a rising gold price it ends the year as the best performer in the gdx. – a hit, a palpable hit!
Gold (XAUUSD) Up $1.62 On 4 Hour Chart, Entered Today Down 0.25%; Eyes 50 Day Average
As operating doubts subside and investors seek max leverage to a rising gold price it ends the year as the best performer in the gdx. – a hit, a palpable hit!
Gold (XAUUSD) Up $9.4 Over Past 4 Hours, Underperforms All metals; Started Today Down 0.04%
On a relative basis, gold was the worst performer out of all 5 of the assets in the metals asset class today.
Gold (XAUUSD) Up $1.58 in Last 4 Hours, And A Story About Phillip Streible; Entered Today Up 0.24%
Those trading within the metals asset class should know that gold was the worst performer in the class today.