{"id":167703,"date":"2020-03-30T09:15:51","date_gmt":"2020-03-30T13:15:51","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167703"},"modified":"2020-03-30T08:08:31","modified_gmt":"2020-03-30T12:08:31","slug":"will-xauusd-breakout-from-the-ascending-wedge","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/will-xauusd-breakout-from-the-ascending-wedge\/","title":{"rendered":"Will XAUUSD Breakout From The Ascending Wedge?"},"content":{"rendered":"
March 30, 2020<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

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Gold prices consolidated into the close of last week with an ascending wedge pattern.<\/p>\n

With price action below the 1655 handle, this suggests a possible pullback to the gains made in the past few days. But the bias remains mixed, however.<\/p>\n

Only a close above 1655 will confirm further upside. Given the ascending wedge pattern, there is scope for a move back to the 1594 level of support.<\/p>\n

But eventually, gold prices might have to slip back to the 1534 level to establish support more firmly.<\/p>\n

By <\/strong>Orbex<\/strong><\/a><\/p>

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

By Orbex Gold prices consolidated into the close of last week with an ascending wedge pattern. With price action below the 1655 handle, this suggests a possible pullback to the gains made in the past few days. But the bias remains mixed, however. Only a close above 1655 will confirm further upside. Given the ascending […]<\/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-167703","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167703","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=167703"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167703\/revisions"}],"predecessor-version":[{"id":167744,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167703\/revisions\/167744"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}