{"id":10043,"date":"2010-06-08T08:20:30","date_gmt":"2010-06-08T12:20:30","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10043"},"modified":"2010-06-08T08:20:30","modified_gmt":"2010-06-08T12:20:30","slug":"gold-hits-near-1245-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/08\/gold-hits-near-1245-level\/","title":{"rendered":"Gold Hits near $1245 Level"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; Gold rose towards $1243 on Monday after the single currency plunged  to its lowest in more than four years against the U.S. dollar. However, I  will illustrate below that the gold may very well be heading for a  reversal and it might have the potential of reaching towards $1225 in  the coming days. This recent activity has raised the stakes for traders.  From here on, the forex and commodity marker will see very high  volatility indeed<\/p>\n<p>\u2022\tThe technical indicators used are the  Slow Stochastic, Relative Strength Index (RSI) and Williams Percent  Range.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates a bearish cross, which may  signal a downward movement is going to occur in the near future.<\/p>\n<p>\u2022\tPoint 2: The RSI signals that the price of this pair currently  floats in the over-bought territory, indicating downward pressure.<\/p>\n<p>\u2022\tPoint 3: The Williams Percent Range has peaked near at the 0  marker, which means that there may actually be a strong level of  downward pressure.<\/p>\n<p>Gold 4-hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/gold-8-6-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/gold-8-6-2010.JPG\" alt=\"\" width=\"475\" height=\"647\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by\u00a0<span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex     Yard.<\/a><\/span><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and     may not be suitable for all investors. There is a possibility that   you   could sustain a loss of all of your investment and therefore you    should  not invest money that you cannot afford to lose. You should be    aware of  all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; Gold rose towards $1243 on Monday after the single currency plunged to its lowest in more than four years against the U.S. dollar. However, I will illustrate below that the gold may very well be heading for a reversal and it might have the potential of reaching towards $1225 in the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/08\/gold-hits-near-1245-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold Hits near $1245 Level&#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-10043","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10043"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10043\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}