GOLD LATEST

Analysis pre Mon. Nov. 29.

In September Gold fell about USD 56, and in October there was a gain of USD 26. 

November has been a weak period for the price of Gold 8 out of the last 9 years.

November 1st Gold closed at USD 1.792.

GOLD INTRADAY LIVE

GOLD SEASONALITY CHART

The Gold seasonality chart compares this year to earlier years.

Nov 06 @ 1.818 (Friday Nov 05).

Oct 05 @ 1.760 to Nov 06 @ 1.818 = USD 58.

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 compared to 2 years ago.

GOLD THIS YEAR VS 3 YEARS AGO

Gold prices this year compared to 3 years ago.

GOLD PRICE CHANGES

GOLD MACD AND RSI

These formulated MACD- and RSI shows strength and weakness. The Golden line is the derived RSI and the Blue/Red are the MACD readings.

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 )

Each bar is derived from one week of trading activity.

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. 

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GOLD MONTHLY (Looonger perspective)

The monthly tradingrange for Goldprices in October was USD 68, same as in July before August saw the monthly range USD 160 and September USD 113.

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: Struggling 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

GOLD MONTHLY

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GOLD PRICES QUARTERLY

This chart shows the Gold price development where each bar counts as one quarter (3 mnths) of trading activity.

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

In 2020, Gold ranged USD 624 from low to high or low to high. 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 highs and higher lows (lower lows and lower highsare in indicating further price action.

GOLD INTRADAY DAILY

GOLD PRICES INTRADAY DAILY

This is a great overview of how the Goldprice have performed from day to day throughout the entire year (accumulated over the last 5 years, 2016 - 2020).

 

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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).