{"id":120023,"date":"2018-01-19T07:59:21","date_gmt":"2018-01-19T12:59:21","guid":{"rendered":"http:\/\/countingpips.com\/?p=120023"},"modified":"2018-06-01T15:43:52","modified_gmt":"2018-06-01T15:43:52","slug":"gold-bouncing-slightly-above-the-support","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/gold-bouncing-slightly-above-the-support\/","title":{"rendered":"GOLD Bouncing Slightly Above the Support"},"content":{"rendered":"
January 19, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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Gold has been in a strong uptrend on the 4h timeframe, and that could mean good intraweek swings have been in development for Gold traders. At this point, the price is bouncing slightly above the POC zone 1325-1328, and as long as it stays above the POC zone, we might see a retest of W H3 1345.96. However, only an apparent 4h close above W H3 could spike the pair more to the upside towards W H4. A break below 1325, and we might be seeing 1320.26. Going below W L4 could mean a possible trend change then.<\/p>\n

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

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

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

M L3 \u2013 Monthly Camarilla Pivot (Monthly Support)<\/p>

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

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

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\"Forex101<\/a><\/p>\n

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

Source: GOLD Bouncing Slightly Above the Support<\/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

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By Admiral Markets Gold has been in a strong uptrend on the 4h timeframe, and that could mean good intraweek swings have been in development for Gold traders. At this point, the price is bouncing slightly above the POC zone 1325-1328, and as long as it stays above the POC zone, we might see a […]<\/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-120023","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120023","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=120023"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120023\/revisions"}],"predecessor-version":[{"id":120025,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120023\/revisions\/120025"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=120023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=120023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=120023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}