{"id":8432,"date":"2010-04-09T09:15:20","date_gmt":"2010-04-09T13:15:20","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8432"},"modified":"2010-04-09T09:15:20","modified_gmt":"2010-04-09T13:15:20","slug":"gold-hits-three-month-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/09\/gold-hits-three-month-high\/","title":{"rendered":"Gold Hits Three Month High"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; Gold prices rose significantly in the last two weeks and peaked at  $1156.30 an ounce. Gold reached its highest level in almost three  months. 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 gold now, and at a great entry price!<\/p>\n<p>\u2022 Below is the daily chart for gold by  ForexYard.<\/p>\n<p>\u2022 The technical indicators used are the Slow Stochastic, RSI and  Williams Percent Range.<\/p>\n<p>\u2022 Point 1: The RSI signals that the price of this pair currently  floats in the over-bought territory, suggesting downward pressure.<\/p>\n<p>\u2022 Point 2: The Slow Stochastic indicates a bearish cross, which may  signal a downward movement is going to occur in the near future.<\/p>\n<p>\u2022 Point 3: The Williams Percent Ranges is showing that this pair is  heavily over-bought and may be experiencing strong downward pressure.<\/p>\n<p><strong>Gold- Daily Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/Gold-9-4-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/Gold-9-4-2010.JPG\" alt=\"\" width=\"475\" height=\"585\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex            Yard.<\/strong><\/a><\/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>By Anton Eljwizat &#8211; Gold prices rose significantly in the last two weeks and peaked at $1156.30 an ounce. Gold reached its highest level in almost three months. 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/09\/gold-hits-three-month-high\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold Hits Three Month High&#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-8432","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8432","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=8432"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8432\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}