{"id":10098,"date":"2010-06-09T09:30:51","date_gmt":"2010-06-09T13:30:51","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10098"},"modified":"2010-06-09T09:30:51","modified_gmt":"2010-06-09T13:30:51","slug":"doji-candlestick-signals-change-in-the-trend-for-spot-gold","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/09\/doji-candlestick-signals-change-in-the-trend-for-spot-gold\/","title":{"rendered":"Doji Candlestick Signals Change in the Trend for Spot Gold"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong> &#8211; The price of spot gold rose to a new record high as the bullish  streak in the commodity continues. However, the commodity was unable to  hold the gains through the New York trading session and a possible  reversal pattern has formed that could signal a change in the long term  trend.<\/p>\n<p>Spot gold prices climbed to a record  high of $1251.75 before retreating to its opening day price at $1237.70.<\/p>\n<p>As the commodity closed on its opening day price, a long-legged doji  candlestick has formed. This presents a possible reversal signal in the  trend of the commodity.<\/p>\n<p>The doji candlestick pattern was formed at a significant price move  in the commodity as the price set an all time high yesterday. This only  magnifies the significance of the doji candlestick and should serve as a  warning of a top in the market and a shift in the trend.<\/p>\n<p>It should also be noted that the doji appears following a long  bullish candle from Monday\u2019s trading session. This is emphasizes the  forewarning that a top is approaching<\/p>\n<p>More conservative traders may want to couple the signal with another  technical indicator in order to verify a change is actually occurring in  the trend, however the Japanese candlestick pattern should certainly  not be ignored.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/Gold-Doji.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/Gold-Doji.JPG\" alt=\"\" width=\"595\" height=\"571\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex      Yard.<\/a><\/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 Russell Glaser &#8211; The price of spot gold rose to a new record high as the bullish streak in the commodity continues. However, the commodity was unable to hold the gains through the New York trading session and a possible reversal pattern has formed that could signal a change in the long term trend. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/09\/doji-candlestick-signals-change-in-the-trend-for-spot-gold\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Doji Candlestick Signals Change in the Trend for Spot Gold&#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-10098","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10098","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=10098"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10098\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}