Gold (XAUUSD) Tops All metals, Up 1.13%; And A Story About Bullion Bank
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Gold
(Last Updated April 15, 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
As for trends on XAUUSD, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.
XAUUSD Moving Averages
The moving averages on XAUUSD indicate a trend that is clearly bearish. Moreover, it should also be noted that the 20 SMA just turned bearish today.
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 $-7.1 (-0.41%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. Regarding the trend, note that the strongest trend exists 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) 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.
Gold (XAUUSD) 3 Day Down Streak Snapped; in an Uptrend Over Past 14 Days
Relative to other instruments in the metals asset class, gold ranked 2nd since yesterday in terms of percentage price change.
Gold (XAUUSD) Fares the Worst Out of metals, Moves Down For the 3rd Day In A Row; But Still in an Uptrend Over Past 14 Days
A bunch of front companies sold him a whole lot of gold but the gold price didn’t do anything because the supply was from lead.