{"id":20667,"date":"2011-04-15T08:14:36","date_gmt":"2011-04-15T12:14:36","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20667"},"modified":"2011-04-15T08:14:36","modified_gmt":"2011-04-15T12:14:36","slug":"technical-tips-spot-gold-testing-new-all-time-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/15\/technical-tips-spot-gold-testing-new-all-time-high\/","title":{"rendered":"Technical Tips \u2013 Spot Gold Testing New All-Time High"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong><\/p>\n<p>Spot gold prices rose to a new all-time high <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/04\/14\/us-inflationary-pressures-to-remain-subdued\/\">yesterday<\/a>. On rising momentum, prices should continue to rally with an initial target at $1,500.<\/p>\n<p>Looking at the daily chart, spot gold  prices fell back to the early March high at $1,444 before moving higher  to a new all-time high at $1,479. Prices could continue to move higher  with a target at the big round number of $1,500.<\/p>\n<p>To the downside, the late March lows at $1,410 should prove to be  resistive as well as the mid-March low of $1,380, a level that the  rising trend line from the July low is encroaching upon. A break below  $1,308 would unravel the longs and signal a reversal of the bullish  trend.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"Gold_Daily\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/04\/Gold_Daily.JPG\" alt=\"Gold_Daily\" width=\"590\" height=\"571\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/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>Looking at the daily chart, spot gold prices fell back to the early March high at $1,444 before moving higher to a new all-time high at $1,479. Prices could continue to move higher with a target at the big round number of $1,500.<\/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-20667","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20667","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=20667"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20667\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}