{"id":8728,"date":"2010-04-21T14:20:21","date_gmt":"2010-04-21T18:20:21","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8728"},"modified":"2010-04-21T14:20:21","modified_gmt":"2010-04-21T18:20:21","slug":"gold-moves-sideways-around-1140oz","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/21\/gold-moves-sideways-around-1140oz\/","title":{"rendered":"Gold Moves Sideways Around $1140\/oz."},"content":{"rendered":"<p><strong>By Fast Brokers <\/strong>&#8211; Gold is holding steady around its psychological $1140\/oz area following yesterday\u2019s solid gains.\u00a0 We notice the risk trade is trending slightly lower across the board today with minimal activity.\u00a0 This is not surprising considering the lack of data releases and news on the wire.\u00a0 Hence, gold and the dollar could remain relatively tame today unless there is a psychological development in either the U.S. or EU.\u00a0 Despite strong earnings from the U.S., uncertainties surrounding Greece and Goldman are keeping the risk trade at bay.\u00a0 However, the data wire will heat back up tomorrow, meaning activity should pick up as well.\u00a0 That being said, investors should keep an eye on the dollar\u2019s reaction as data points hit the tape.\u00a0 The session will be highlighted by EU flash PMI, UK retail sales, and U.S. existing home sales.\u00a0 Additionally, there remains the potential for psychological events to occur, meaning investors should stay on their toes.<\/p>\n<p>Technically speaking, gold has multiple uptrend lines serving as technical cushions along with intraday and 4\/19 lows.\u00a0 Additionally, the psychological $1140\/oz and $1130\/oz levels could continue to serve as solid psychological supports over the near-term.\u00a0 Speaking of psychologicals, $1150\/oz is now serving as a barrier along with intraday highs.<\/p>\n<p>Present Price: $1143.25\/ oz<br \/>\nResistances: $1143.88\/oz, $1145.22\/oz, $1145.91\/oz, $1146.80\/oz, $1147.73\/oz, $1148.79\/oz<br \/>\nSupports: $1142.72\/oz, $1141.76\/oz, $1140.70\/oz, $1139.78\/oz, $1138.20\/oz, $1137.33\/oz<br \/>\nPsychological: $1150\/oz, $1140\/oz, $1130\/oz, April highs and lows<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/April21Gold.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/April21Gold.png\" alt=\"\" width=\"595\" height=\"400\" \/><\/a><\/p>\n<p>(click chart to enlarge)<\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> provided by <a href=\"http:\/\/www.fastbrokers.com\/index.php?CP001\" target=\"_blank\"><strong>Fast                 Brokers<\/strong>.<\/a><\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is                 provided for information purposes only and under no   circumstances        should        be regarded neither as an investment   advice nor as a        solicitation    or    an  offer to sell\/buy any   financial  product.       FastBrokers  assumes   no     responsibility   or liability  from  gains or      losses  incurred by the         information herein   contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss                 in trading futures and foreign exchange. Please  carefully        review     all     risk disclosure documents before  opening an    account     as these      financial    instruments are not  appropriate    for all     investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Fast Brokers &#8211; Gold is holding steady around its psychological $1140\/oz area following yesterday\u2019s solid gains.\u00a0 We notice the risk trade is trending slightly lower across the board today with minimal activity.\u00a0 This is not surprising considering the lack of data releases and news on the wire.\u00a0 Hence, gold and the dollar could remain &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/21\/gold-moves-sideways-around-1140oz\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold Moves Sideways Around $1140\/oz.&#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-8728","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8728","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=8728"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8728\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}