{"id":47145,"date":"2014-02-05T19:02:19","date_gmt":"2014-02-06T00:02:19","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=47145"},"modified":"2014-02-05T19:02:19","modified_gmt":"2014-02-06T00:02:19","slug":"gold-turns-ahead-1279-08-level-faces-consolidation-risk","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/02\/05\/gold-turns-ahead-1279-08-level-faces-consolidation-risk\/","title":{"rendered":"GOLD: Turns Off Ahead Of The 1,279.08 Level. Faces Consolidation Risk"},"content":{"rendered":"<p>GOLD: With attempts of resuming its short term uptrend failing on Wednesday for a marginal higher close, consolidation above its broken falling trendline may continue. If however GOLD retakes the 1,279.08 level, its Jan 27 2014 high to create scope for more upside the 1,300.00 level, its big psycho level will be targeted. A clearance of here if seen will turn focus to the 1,350.00 level. Further out, resistance stands at the 1,400.00 level, its psycho level. Conversely, the risk to this analysis will be a return to the downside towards the 1,231.48 level. Further down, support resides at the 1,218.35 level, representing its Jan 08\u20192014 low. This level must hold to prevent the commodity from returning to the 1,182.33 level, its Dec 31\u20192013 low. However, if that level is violated it will turn attention to the 1,150.00 level followed by the 1,100.00 level. All in all, GOLD remains biased to the downside medium term.<\/p>\n<p>Article by <a href=\"http:\/\/www.fxtechstrategy.com\/\" target=\"_blank\">www.fxtechstrategy.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GOLD: With attempts of resuming its short term uptrend failing on Wednesday for a marginal higher close, consolidation above its broken falling trendline may continue. If however GOLD retakes the 1,279.08 level, its Jan 27 2014 high to create scope for more upside the 1,300.00 level, its big psycho level will be targeted. A clearance &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/02\/05\/gold-turns-ahead-1279-08-level-faces-consolidation-risk\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GOLD: Turns Off Ahead Of The 1,279.08 Level. Faces Consolidation Risk&#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-47145","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/47145","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=47145"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/47145\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=47145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=47145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=47145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}