{"id":14851,"date":"2010-11-03T10:30:04","date_gmt":"2010-11-03T14:30:04","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14851"},"modified":"2010-11-03T10:30:04","modified_gmt":"2010-11-03T14:30:04","slug":"analyzing-golds-latest-price-movements","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/03\/analyzing-golds-latest-price-movements\/","title":{"rendered":"Analyzing Gold\u2019s Latest Price Movements"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; <a href=\"https:\/\/www.forexyard.com\/\">ForexYard<\/a> will be publishing a  number of informative articles on the subject of gold trading for the  next few weeks as part of a campaign to promote our newest feature:  ForexYard\u2019s <a href=\"https:\/\/www.forexyard.com\/en\/open-gold-account?type=Pro\">Gold Trading Account!<\/a><\/p>\n<p>Take a look at the chart below and see for yourself what has been happening lately with the price of Gold.<\/p>\n<p>We\u2019ve been experiencing a secular bull market for the last few years  with this precious metal, and this technical analysis will demonstrate  why it\u2019s likely to continue in the near-term. As you can see, the price  of Gold has been rising sharply since July, but took an even steeper  path beginning in late September.<\/p>\n<p>You can see in the <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Stochastic (slow)<\/a> indicator at the bottom that the price was being over-bought throughout  that steeper rise, resulting in a breach of that sharper uptrend. Now  what we are seeing is known as a \u201cconsolidation triangle.\u201d The previous  trend was broken, but the price remains within a larger uptrend, and is  even consolidating towards a decision point in the trend.<\/p>\n<p>Following this analysis puts the price of Gold most likely at a rate  of $1,340 an ounce sometime in the next few trading days. Upon reaching  that price level, we should see Gold receiving a modest level of  support, and then a continuing of its previous long-term uptrend.<\/p>\n<p><strong>Gold \u2013 Daily Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/Gold-Daily-Chart.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/Gold-Daily-Chart.JPG\" alt=\"\" width=\"590\" height=\"560\" \/><\/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>We\u2019ve been experiencing a secular bull market for the last few years with this precious metal, and this technical analysis will demonstrate why it\u2019s likely to continue in the near-term. As you can see, the price of Gold has been rising sharply since July, but took an even steeper path beginning in late September.<\/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-14851","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14851","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=14851"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14851\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}