{"id":16445,"date":"2010-12-07T07:30:41","date_gmt":"2010-12-07T12:30:41","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16445"},"modified":"2010-12-07T07:30:41","modified_gmt":"2010-12-07T12:30:41","slug":"has-gold-reached-its-peak","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/07\/has-gold-reached-its-peak\/","title":{"rendered":"Has Gold Reached Its Peak"},"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 week and peaked at $1427 an ounce.  However, the daily chart is suggesting that a recent upwards 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 <a href=\"http:\/\/www.forexyard.com\/en\/trading\/gold\">gold<\/a> now, and at a great entry price!<\/p>\n<p>\u2022\tBelow is the daily chart for gold 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: The Williams Percent Ranges is showing that this pair is  heavily over-bought and may be experiencing strong downward pressure.<\/p>\n<p>Gold Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/Gold-7-12-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/Gold-7-12-2010.JPG\" alt=\"\" width=\"538\" height=\"647\" \/><\/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 week and peaked at $1427 an ounce. However, the daily chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities<\/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-16445","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16445","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=16445"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16445\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}