{"id":22698,"date":"2011-02-25T12:48:13","date_gmt":"2011-02-25T16:48:13","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=13432"},"modified":"2011-02-25T12:48:13","modified_gmt":"2011-02-25T16:48:13","slug":"gold-hits-near-1410-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/25\/gold-hits-near-1410-level\/","title":{"rendered":"Gold Hits near $1410 Level"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/12.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>Gold rose as high as $1411 an ounce early today, which is largely owned to the EUR&#8217;s gains vs. the USD. In the past week, Gold has made a significant upward correction, which can be directly correlated with the bullish trend of the EUR\/USD cross. This recent activity has raised the stakes for traders. From here on, the forex and commodity markets will see very high volatility indeed.<\/p>\n<p><span id=\"more-13432\"><\/span>Pivot: 1395.00<\/p>\n<p>Our Preference: LONG positions above 1395 with targets @ 1408 &amp; 1417.<\/p>\n<p>Alternative scenario: The downside breakout of 1395 will open the way to 1387 &amp; 1382.<\/p>\n<p>Comment: as long as the price remains within its key upside channel, a further up move is expected to re-test 1417 after a pause.<\/p>\n<p>Trend: ST Ltd upside; MT Bullish<\/p>\n<p>Key levels Comment<\/p>\n<p>1424* Fib projection<\/p>\n<p>1417** Intraday resistance<\/p>\n<p>1408** Intraday resistance<\/p>\n<p>1404 Last<\/p>\n<p>1395** Intraday pivot point<\/p>\n<p>1387** Intraday support<\/p>\n<p>1382** Intraday support<\/p>\n","protected":false},"excerpt":{"rendered":"<p> Gold rose as high as $1411 an ounce early today, which is largely owned to the EUR&#8217;s gains vs. the USD. In the past week, Gold has made a significant upward correction, which can be directly correlated with the bullish trend of the EUR\/USD cross&#8230;<\/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-22698","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22698","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=22698"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22698\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}