{"id":132284,"date":"2018-08-21T08:30:44","date_gmt":"2018-08-21T12:30:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=132284"},"modified":"2018-08-21T06:50:55","modified_gmt":"2018-08-21T10:50:55","slug":"gold-descending-zigzag-marks-the-downtrend","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/08\/gold-descending-zigzag-marks-the-downtrend\/","title":{"rendered":"Gold Descending ZigZag Marks the Downtrend"},"content":{"rendered":"
August 21, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

\"Gold<\/a>Source: Admiral Markets MT5<\/a> with MT5SE<\/a> Add-on – Gold Daily Chart<\/p>\n

Gold <\/a>has formed a descending zigzag pattern suggesting further bearish movement. The POC zone where the sellers might be appears to be between 1199.25-1205. Rejection from the zone targets 1181 and 1169.70, only below W L3, and the price should resume towards 1154. 1215 needs to hold if bears want to be in full control.<\/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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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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

M L3 \u2013 Monthly 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

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks<\/a>.<\/p>\n

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

Source: Gold Descending ZigZag Marks the Downtrend<\/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 Source: Admiral Markets MT5 with MT5SE Add-on – Gold Daily Chart Gold has formed a descending zigzag pattern suggesting further bearish movement. The POC zone where the sellers might be appears to be between 1199.25-1205. Rejection from the zone targets 1181 and 1169.70, only below W L3, and the price should resume […]<\/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-132284","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132284","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=132284"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132284\/revisions"}],"predecessor-version":[{"id":132294,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132284\/revisions\/132294"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=132284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=132284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=132284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}