{"id":8626,"date":"2010-04-16T09:19:35","date_gmt":"2010-04-16T13:19:35","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8626"},"modified":"2010-04-16T09:19:35","modified_gmt":"2010-04-16T13:19:35","slug":"gold-stable-for-now-but-breach-may-occur-soon","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/16\/gold-stable-for-now-but-breach-may-occur-soon\/","title":{"rendered":"Gold Stable For Now, But Breach May Occur Soon"},"content":{"rendered":"<p><strong>By Yan (ForexYard)<\/strong> &#8211; Over the past month, gold saw a bullish trend and gained about 800  pips. An ounce of gold rose from $1,085 to $1,167 by last Sunday.  However, ever since reaching $1,167 an ounce, gold seems to be stuck at a  narrow range.<\/p>\n<p>\u2022 The chart below is the gold daily chart by ForexYard.<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, the Slow  Stochastic, the MACD and the Relative Strength Index (RSI).<br \/>\n\u2022 A series of doji candles recently took place, suggesting that a sharp  movement is impending.<br \/>\n\u2022 It appears that the bullish channel was halted after peaking at $1,167  an ounce.<br \/>\n\u2022 Gold currently seems to be trading at a narrow range from $1,144 to  $1,167 an ounce.<br \/>\n\u2022 The next short-term movement is currently unclear.<br \/>\n\u2022 It appears that $1,167 could be a potential entry buying level,  whereas the $1,144 price could be a potential entry selling level.<br \/>\n\u2022 In case an upward move will take place, it has potential to reach the  $1,192 level. It also seems that if gold will drop below $1,144, it  could drop towards the $1,110 level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/gold1.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/gold1.bmp\" alt=\"\" width=\"595\" height=\"576\" \/><\/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 Yan (ForexYard) &#8211; Over the past month, gold saw a bullish trend and gained about 800 pips. An ounce of gold rose from $1,085 to $1,167 by last Sunday. However, ever since reaching $1,167 an ounce, gold seems to be stuck at a narrow range. \u2022 The chart below is the gold daily chart &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/16\/gold-stable-for-now-but-breach-may-occur-soon\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold Stable For Now, But Breach May Occur Soon&#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-8626","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8626","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=8626"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8626\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}