{"id":13298,"date":"2010-09-24T09:15:50","date_gmt":"2010-09-24T13:15:50","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13298"},"modified":"2010-09-24T09:15:50","modified_gmt":"2010-09-24T13:15:50","slug":"gold-hits-near-1295-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/24\/gold-hits-near-1295-level\/","title":{"rendered":"Gold Hits near $1295 Level"},"content":{"rendered":"<p><strong>By Anton Eljwizat <\/strong>&#8211; <a href=\"http:\/\/www.forexyard.com\/en\/trading\/gold\">Gold<\/a> prices  rose significantly in the last two months and peaked at $1293 an ounce.  However, the daily chart is suggesting that the recent up trend is  loosing steam and a bearish correction is impending. Forex traders  involved with commodities like this can take advantage of this knowledge  by going short on crude oil now, and at a great entry price!<\/p>\n<p>\u2022\tBelow is the daily chart for <a href=\"http:\/\/www.forexyard.com\/en\/trading\/gold\">gold <\/a>by ForexYard.<\/p>\n<p>\u2022\tThe technical indicators used are the <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Slow Stochastic<\/a>, RSI and Williams Percent Range.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick formed in the chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Slow Stochastic <\/a>indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 3: The RSI signals that the price of this pair currently  floats in the over-bought territory, suggesting downward pressure.<\/p>\n<p>\u2022\tPoint 4: Williams Percent Range also supports the downward direction.<\/p>\n<p>Gold-Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/09\/gold-24-9-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/09\/gold-24-9-2010.JPG\" alt=\"\" width=\"532\" height=\"671\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/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 prices rose significantly in the last two months and peaked at $1293 an ounce. However, the daily chart is suggesting that the recent up trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can take advantage of this knowledge by going short &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/24\/gold-hits-near-1295-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold Hits near $1295 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-13298","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13298","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=13298"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13298\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}