GOLD LATEST

GOLDBAR INTRADAY

TUESDAY 24. MAY

KEYS:

• Are there changes in the weekly chart pattern?

• Is present seasonal period strong or weak?

• Are shorter term indicators strong or weak?

• Stop loss - adjustments?

• What about sitting on the sideline until next opportunity?

Jan 01. @ USD 1.829

Feb 01. @ USD 1.801

Mar 01. @ USD 1.945

Apr 01. @ USD 1.923

May 01. @ USD 1.896

Spot and nearby Gold contracts

GOLD INTRADAY LIVE

GOLD SEASONALITY CHART

The Gold seasonality chart compares this year to earlier years. Red signal market in a weaker seasonal period. Blue signal market in a stronger seasonal period.

GOLD IN 2022 AS OF 23. MAY CLOSE:

Seasonality : + 0.5%

Goldprices: + 1.3% 

Current period:  Weak until 18. June

GOLD PRICE DEVELOPMENT

Daily closings of Gold prices in USD per OZ through the lens of strength and weakness.

GOLD THIS YEAR VS LAST YEAR

Gold prices for the current year vs last year.

GOLD THIS YEAR VS 2 YEARS AGO

Gold prices this year vs 2 years ago.

GOLD THIS YEAR VS 3 YEARS AGO

Gold prices this year vs 3 years ago.

GOLD PRICE CHANGES

GOLD MACD AND RSI

These are daily indicators only. There is no directly Gold price action in this chart above. What you see are formulated MACD and RSI levels to signal strength / weakness in Gold.

GOLD INDICATOR ( i )

The coloured gold line is the price of Gold, and it is set in conjunction with the strength indicator ( i ). Blue is strength and Red is weakness.

GOLD WEEKLY ( Longer perspective )

Average weekly trading range in 2022: USD 63.

This is an updated weekly chart of the Spot Gold prices in USD from post every Friday. It is created from a modified formula of week's open high low and close to identify a clear picture of the ongoing trend. Now, scroll down to the Monthly chart to see the even longer perspective.

After week 20, Goldprices are continuing lower on a weekly scale. Trading above USD 1.876 could potentially change the current weakness.

After week 18, the latest RED bar is making a lower low and lower high indicating weakness on a weekly scale.

After week 17, Gold is showing a lower low and a lower high indicating weakness on a weekly scale.

After week 16, an outside bar in Blue is coming through on a weekly scale. Even though it's Blue of colour the close of the week was more weak than strong.

After week 15, Easter  . Gold is seeing a higher high and a higher low. This is a positive for higher prices to potentially come.

After week 14, A Red inside bar post last week's lower low and lower high. The rading range is narrow and awaiting a break in either direction. 

After week 12, Gold is seeing a lower low and a lower high. This is weak rather than strong.

After week 11, the latest bar is containing a lower low and a lower high. This is weakness and against present seasonality which is strong.

After week 10, Gold is making a higher high well above USD 2.000 and a higher low from last week. A daily close above the magical 2.000 remains to be seen. 

After week 09, Gold is having a higher low on a weekly scale, but stalling the higher high. The latest bar is Blue indicating strenth rather than weakness.

After week 08, Gold is actually - 0.4% this past week. The latest weekly bar is showing a higher high and higher low indicating more strength to come. Seasonality turned weak this week so be aware of potential weakness and stalling prices. Low 1.849 and high 1.974.

After week 07, just like Silver, Gold is making a Blue higher high and a higher low on a weekly scale indicating higher prices to come.

After week 06, Gold prices are trading 3% higher and the weekly chart is telling us a new attempt to go higher is underway. A higher high and a higher low signals strength and USD 1.807 is the low keep in mind if the rally fails.

After week 05, Gold prices are looking heavy through the latest red weekly bar. Markets 'must' quickly back above USD 1.816 in order to gain the renewed strength to go higher. 

After week 04, Gold prices are much weaker rather than expected seasonality stronger. The weak close to the week made the metal see a lower low after marginally making a higher high on the weekly scale. In order to regain week 3 momentum, Gold should get going to the upside quickly, or much lower prices could appear boosting a counter-seasonality-trend.

After week 03, Gold prices are showing strength above former USD 1.830 resistance. A higher low and a higher high on a weekly scale is indicating higher prices to come and in conjunction to the present seasonality trend. 

Partners or associates to intraday.se do at times own positions in physical Gold or Spot Gold contracts or Gold futures. Read Disclaimer below.

GOLD MONTHLY (Looonger perspective)

The monthly tradingrange for Goldprices in April was USD 126.

Mar. USD 180, Feb. USD 186, Jan. USD 74, Dec. USD 76, Nov. USD 118. 

After April, there is an inside bar in Blue.  Because the high and low for the month was within the range of March, the next bar could easily trigger to both directions. Be aware, even though April was Blue. There is no clear sign of the next move.

After March, Gold is showing a higher high and a higher low indicating strength rather than weakness.

After February,  Gold prices soared + 6% and just behind Silver. Gold is producing a new clear Blue bar containg the higher high and the higher low. Higher prices are more to be expected than lower. Only trades pressured below USD 1.790, should question this ongoing "renewed" uptrend.

After January, Gold is making a higher high and a higher low in the monthly chart. Even though the tradingrange was narrow for the month, there is more strength than weakness to the current monthly chart.

After December, there is basically an inside bar on the monthly scale, indicating the next breakout from the last 6 months could be powerful.

After November: there is a higher high and a higher low on a monthly scale signalling strength rather than weakness. The last 4 years, December has seen higher Gold prices.

After October: Gold has produced an inside monthly bar showing a lower high and a higher low than in September. USD 1.815 looks to be the key level to surpass over the next phase.

After September: A higher low, but continued resistance at the USD 1.830 - 1.840 level. In order to move higher in the monthly timeframe, markets needs to see goldprices trade closer to or above the September highs.

After August: Strugling to move above the July highs as it moves sideways around 1.800 level. Let's see if Sept. is able to make a higher low as well.

GOLD MONTHLY PRICE CHANGES

How Gold performs each and every month from January 2001 - December 2021.

GOLD MONTLY #GOLDMONTHLY

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GOLD PRICES QUARTERLY

Gold quarterly developments. Q1 2022 ranged USD 290 low to high or high to low. This may differ from the look of the formulated chart below.

This chart shows the development of Gold prices per quarter, where each bar counts as one quarter (3 mnths) of trading activity. Q1 = Jan - Mar,  Q2 = Apr - Jun, Q3 = Jul - Sep, Q4 = Oct - Dec.

After Q1 2022, there is a higher high and a higher low on a quarterly scale for Gold. Trades below the USD 1.780-level could stop the current strength.

After Q4 2021, there is a higher high and a higher low in the quarterly perspective indicating higher prices to come. Trades below the USD 1.760-level should make it fail.

After Q3 2021, Gold prices are making a lower low and a lower high in the quartly timeframe. Looking at the chart above, it seems like there is some floor to prices at the USD 1.700 level. Given the lower lows in the last bars. In order to gain traction of Blue bars again, prices needs to trade towards the USD 1.840 level and higher within 2021.

After Q2 2021,  Gold prices are weak on a quarterly basis. USD 1.917 is about the price to exceed in order to move higher.

GOLD PRICES YEAR BY YEAR

Gold yearly chart of Gold prices, every year since 1970.

In 2021, Gold ranged USD 287 (down from USD 624 in 2020) from low to high or high to low. The chart above is created as an Heikin Ashi chart, thereby given different outcomes of highs and lows than a normal bar chart because of its formula.

The strongest message from this chart is the importantance of a bar's higher high and higher low (lower low and lower highindicating further development.

GOLD AT INSTAGRAM

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GOLD

The picture below shows gold coins from the USA


Gold

To buy physical Gold, go to APMEX or Gold Switzerland.  Apmex has a wide collection of coins. Gold Switzerland do also vault and store precious metals. Gold coins are usually priced USD 100 or more above the spot price. Gold bars are traded closer above the spot price. (There is no direct link between Intraday.se and Apmex or Gold Switzerland).

GOLD WEEKLY IN 2021

This section is an overview of Gold comments in 2021.

GOLD WEEKLY 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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GOLD 2 YEARS LIVE