{"id":116285,"date":"2017-11-10T08:16:56","date_gmt":"2017-11-10T13:16:56","guid":{"rendered":"http:\/\/countingpips.com\/?p=116285"},"modified":"2018-06-01T15:53:26","modified_gmt":"2018-06-01T15:53:26","slug":"xauusd-analysis-gold-spot-shows-rounded-bottom-for-a-possible-continuation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/11\/xauusd-analysis-gold-spot-shows-rounded-bottom-for-a-possible-continuation\/","title":{"rendered":"XAU\/USD Analysis: Gold Spot Shows Rounded Bottom for a Possible Continuation"},"content":{"rendered":"
November 10, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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Given that European, US and Japanese Equities markets have experienced some risk-off as most markets are at multi-year and all-time highs; we have seen some buying of Gold, the safe-haven precious metals recently. At this point the Gold spot shows a rounded bottom and we might see a spike from POC zone and a continuation above W H5. The POC zone ( W H4, EMA89, atr pivot) should spike the price up on a subsequent retest towards the W H5 1288.35. 4h close above the pivot should aim for M H4 – 1295.80 and possibly 1306.05 where a u-turn on rounded bottom will be complete.. Only a strong momentum above 1310.00 should follow up with 1.1316 target.<\/p>\n

For this scenario to succeed the price must remain above the W L3 1264.52 else a break below will probably make a bearish move towards W L5 -1250.94. So at this point buying the dips looks like a possible way to go.<\/p>\n

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>

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M H4 – Monthly Camarilla Pivot (Very Strong Monthly Resistance)<\/p>\n

M L3 \u2013Monthly Camarilla Pivot Monthly Support)<\/p>\n

M L4 \u2013 Monthly H4 Camarilla (Very Strong Monthly Support)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

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 <\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: XAU\/USD Analysis: Gold Spot Shows Rounded Bottom for a Possible Continuation<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Given that European, US and Japanese Equities markets have experienced some risk-off as most markets are at multi-year and all-time highs; we have seen some buying of Gold, the safe-haven precious metals recently. At this point the Gold spot shows a rounded bottom and we might see a spike from POC zone […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-116285","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=116285"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116285\/revisions"}],"predecessor-version":[{"id":116288,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116285\/revisions\/116288"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=116285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=116285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=116285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}