{"id":14079,"date":"2010-10-15T09:30:42","date_gmt":"2010-10-15T13:30:42","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14079"},"modified":"2010-10-15T09:30:42","modified_gmt":"2010-10-15T13:30:42","slug":"gold-hits-record-high-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/15\/gold-hits-record-high-2\/","title":{"rendered":"Gold Hits Record High"},"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 $1381.50 an  ounce. However, the 8-hour 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 8-hour 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 Slow Stochastic, 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 Slow Stochastic 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 8-Hour chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/gold-15-10-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/gold-15-10-2010.JPG\" alt=\"\" width=\"477\" height=\"616\" \/><\/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>Gold  prices rose significantly in the last two months and peaked at $1381.50 an ounce. However, the 8-hour chart is suggesting that the recent up trend is loosing steam and a bearish correction is impending.<\/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-14079","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14079","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=14079"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14079\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}