Gold Enters Today Down -0.39%

3 mins read
XAUUSD

The Hourly View for Gold At the time of this writing, XAUUSD’s price is down $-0.36 (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Gold’s…

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