{"id":46359,"date":"2014-01-16T03:04:49","date_gmt":"2014-01-16T08:04:49","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=46359"},"modified":"2014-01-16T03:04:49","modified_gmt":"2014-01-16T08:04:49","slug":"gold-signaling-a-short-term-drop","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/16\/gold-signaling-a-short-term-drop\/","title":{"rendered":"GOLD Signaling a Short Term Drop"},"content":{"rendered":"<p>Article by <a href=\"http:\/\/investazor.com\/\" target=\"blank\"><u>Investazor.com<\/u><\/a><\/p>\n<p>With the dollar on appreciating in front of its counterparts, the price of Gold started to plunge. Bearish signals started to appear on XAUUSD\u2019s chart from yesterday.<\/p>\n<p><a href=\"http:\/\/ift.tt\/K5bLS8\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2244\" alt=\"gold-signaling-short-term-drop-resize-16.01.2014\" src=\"http:\/\/ift.tt\/1dSF0yT\" width=\"645\" height=\"336\" \/><\/a><\/p>\n<p>Support: 1234.04, 1212.72, 1178.81;<\/p>\n<p>Resistance: 1255.00, Trend Line;<\/p>\n<p>On 14<sup>th<\/sup> of July the price has broken the latest op move trend line which is the first bearish signal. During the past hours, bulls try to send the price higher, but it seems that they didn\u2019t have enough strength and now bears are pushing down. If the 24 periods RSI will break it trend line then it will be another bearish signal.<\/p>\n<p>The drop could become more probable if the price will fall under the local support from 1234.04. The price target for a downside move will be the next support from 1212.17. On the other hand if bulls will take over again we may expect for the 1255.00 resistance to be retested only if the local 1243.50 high will be broken.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/ift.tt\/1dSEYqN\">GOLD Signaling a Short Term Drop<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/investazor.com\">investazor.com<\/a>.<\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/ift.tt\/K5bP4e\"><img decoding=\"async\" src=\"http:\/\/ift.tt\/1j1aYjG\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/ift.tt\/K5bP4g\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by Investazor.com With the dollar on appreciating in front of its counterparts, the price of Gold started to plunge. Bearish signals started to appear on XAUUSD\u2019s chart from yesterday. Support: 1234.04, 1212.72, 1178.81; Resistance: 1255.00, Trend Line; On 14th of July the price has broken the latest op move trend line which is the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/16\/gold-signaling-a-short-term-drop\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GOLD Signaling a Short Term Drop&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-46359","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=46359"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46359\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=46359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=46359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=46359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}