{"id":15759,"date":"2010-11-23T08:06:55","date_gmt":"2010-11-23T13:06:55","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15759"},"modified":"2010-11-23T08:06:55","modified_gmt":"2010-11-23T13:06:55","slug":"gold-and-silver-expecting-cyclical-retracement","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/23\/gold-and-silver-expecting-cyclical-retracement\/","title":{"rendered":"Gold and Silver Expecting Cyclical Retracement?"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; We\u2019ve been watching the price of precious metals soar over the past several months and many analysts will tell you to <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/11\/22\/identifying-the-long-term-trend-of-gold\/\">expect a continuation of this trend<\/a>. We must not forget that global economies are still suffering <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/11\/18\/euro-recovers-on-irish-and-euimf-talks\/\">financial concerns<\/a> and that normalcy remains elusive to the current state of the world economy. In such an environment, <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/11\/17\/safe-haven-currencies-on-the-rise\/\">safe haven<\/a> investments \u2013 like Gold and Silver \u2013 tend to rise.<\/p>\n<p>But to short-term, intraday traders  there is yet another side to this story. While it is true that Gold and  Silver are on the rise, and will likely remain so for some time, it is  also true that every trading instrument moves in cyclical patterns.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/landsys\/gold\/en\/?zone_id=7987\">Gold and Silver<\/a> each possess a number of technical indicators which point to a buildup  of bearish pressure. This is clearest on the Gold weekly chart (see  below). A pattern has emerged on the price of Gold which is worth  exploring in greater detail.<\/p>\n<p>Stay tuned this week for a deeper look into the cyclical pattern of  Gold which has developed over the past year-and-a-half, as well as its  implications for other precious metals, such as <a href=\"http:\/\/www.forexyard.com\/en\/trading\/silver\">Silver<\/a>.<\/p>\n<p><strong>Gold \u2013 Weekly Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/Gold-Weekly-Chart.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/Gold-Weekly-Chart.JPG\" alt=\"\" width=\"590\" height=\"743\" \/><\/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 and Silver each possess a number of technical indicators which point to a buildup of bearish pressure. This is clearest on the Gold weekly chart (see below). A pattern has emerged on the price of Gold which is worth exploring in greater detail.<\/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-15759","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15759","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=15759"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15759\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}