{"id":2749,"date":"2009-06-30T08:42:43","date_gmt":"2009-06-30T13:42:43","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=2749"},"modified":"2009-06-30T08:42:43","modified_gmt":"2009-06-30T13:42:43","slug":"long-term-chart-gold-at-important-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/06\/30\/long-term-chart-gold-at-important-level\/","title":{"rendered":"Long Term Chart &#8211; Gold at Important Level"},"content":{"rendered":"<p>We have overlaid the below chart of daily price action in spot Gold with our favorite Bollinger Band (&#8220;BB&#8221;) settings. Within an overall trend of Gold moving higher, we have noted that recently any break through the midline (currently at 943.50) to the upside has been the start of a strong move higher. Moves through the mid-line to the downside have had limited runs lower.<\/p>\n<p>We are watching where spot Gold closes (17:00 EST) both today and tomorrow to see if we can break higher and go for a strong run that will test the 980 &#8211; 1,000 levels. A close above 946 today or tomorrow will be enough to justify a long position for us.<\/p>\n<p>Stay Nimble!<\/p>\n<p>Stephen Leahy<br \/>\nBack Bay FX Services, LLC<br \/>\n<a href=\"http:\/\/www.backbayfx.com\">www.backbayfx.com<\/a><\/p>\n<p>Thanks to FX Solutions for the below image.<\/p>\n<p><img decoding=\"async\" style=\"border: medium none;\" src=\"http:\/\/www.backbayfx.com\/news\/images\/Gold%20Daily%20Chart%20June%2030.JPG\" alt=\"\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have overlaid the below chart of daily price action in spot Gold with our favorite Bollinger Band (&#8220;BB&#8221;) settings. Within an overall trend of Gold moving higher, we have noted that recently any break through the midline (currently at 943.50) to the upside has been the start of a strong move higher. Moves through &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/06\/30\/long-term-chart-gold-at-important-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Long Term Chart &#8211; Gold at Important Level&#8221;<\/span><\/a><\/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-2749","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2749","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=2749"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2749\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=2749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=2749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=2749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}