{"id":22705,"date":"2010-12-29T09:38:44","date_gmt":"2010-12-29T13:38:44","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=12358"},"modified":"2010-12-29T09:38:44","modified_gmt":"2010-12-29T13:38:44","slug":"gold-trades-near-1410-an-ounce","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/29\/gold-trades-near-1410-an-ounce\/","title":{"rendered":"Gold Trades Near $1410 an Ounce"},"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 prices rose significantly in the last week and peaked at $1408 an ounce. However, the 4 hour chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders can take advantage of this imminent upward movement by entering long positions at an excellent entry price.<\/p>\n<p><span id=\"more-12358\"><\/span>\u2022\tBelow is the 4-hour 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: Williams Percent Range also supports the downward direction.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/gold-28-12-2010.JPG\" alt=\"gold 28-12-2010\" width=\"541\" height=\"622\" class=\"alignnone size-full wp-image-12359\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Gold prices rose significantly in the last week and peaked at $1408 an ounce. However, the 4 hour chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders can take advantage of this imminent&#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-22705","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22705","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=22705"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22705\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}