This section is an overview of Gold comments in 2021.
Each bar is derived from one week of trading activity.
Week 52 shows a marginally higher high and a marginally higher low. The Blue weekly bar is a positive sign for potentially higher prices to come. For the year 2021, Gold ended USD 69 lower, It started out at USD 1.899, and ended at USD 1.829.50. Folloing seasonality showed - 4%.
Week 51 shows a higher high and a higher low. This signals strength in a weekly perspective going forward.
Week 50 makes an outside bar, and trading to the upper end of its weekly range towards the end of the week. There is now a seasonally strong period in the weeks ahead (not to say it must go up). High of the week was 1.814. Weekly range was USD 59.5.
Week 49 represents another Red bar, but and inside bar. This could play out either way the coming week and in conjunction to FOMC meeting Tuesday and Wednesday.
Week 48 shows weakness of a new Red bar with a lower low and a lower high.
Week 47 did not manage to go against the seasonal pattern and made a lower low and a lower high, indicating weakness for now.
Week 46 shows a higher high and a higher low indicating further strength on a weekly scale.
Week 45 made the outside bar from last week break to the upside whith its higher high and higher low.
Week 44 shows an outside bar with a blue bias. A strong weekly close, and aware of a shorter seasonal top the next weeks (see seasonal chart above).
Week 43 is producing a slightly lower high than the previous week, but shows a higher low. The weekly bar is blue and that is a positive sign. For now the development is up, but not very convincing unless gold markets trade above the USD 1.815-level and manage to stay there.
Week 42 confirms a higher high and a higher low in the weekly chart. Higher Goldprices are thereby to be expected. Trades below 1.760 will most likely accelerate a downtrend.
Week 41 shows a marginally higher low, and there is a higher high. The last candle is not so convicing. The week ended USD 12 above prior week. Markets might loo for trades above USD 1.800 for further advances.
Week 40 shows a higher high which is a positive, but in conjuction with a lower low which is a negative. Priceaction next week, can probably help in finding the next route. Prices still needs to trade above USD 1.800 to show 'evidence' to the upside going forward.
Week 39 shows a lower low and a lower high on the weekly timeframe. Prices needs to trade above USD 1.800 and stay there, in order to show a possibly renewed uptrend.
Week 38 shows another lower high and a lower low. No sign of strength according to the weekly chart.
Week 37 was weak again now showing a lower high USD 21 below last week's high. The lower low is clearly marked in the chart and gives further downside a probability.
Week 36 traded to the heavy side, but still giving a blue candle. A lower low is USD 9 under last week.
Week 35 ticked up with a higher low and a higher high, low point at 1.792 for the week.
Week 34 ended to the strong side, and Gold prices now have the oppertunity to soar higher.
Intraday Gold
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