Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"[ad_1] Consolidation or Pullback May be Next Moreover, the next potential resistance level on the chart is $2,940. That leaves a bit of a gap above the $2,889 price level to the next target. Gold will be in a better position to fill that gap and make a run for the next higher target price once there is a rest of some degree, either taking the form of a deeper pullback or consolidation. Gold has had a strong run rising as much as $300 or 11.6% since completing a swing low at $2,582 (C) in December. On a relative performance basis, that is the strongest upswing of the prior eight and reflects strong underlying momentum. But it also indicates that at least a temporary high may have been reached, for now. The full upswing, beginning from the November swing low at $2,537 (A), had a gain of as much as $345 or 13.6%. Further Weakness Indicated Below $2,834 A drop below today\u2019s low of $2,834 will signal further weakness and increase the chance for a deeper pullback. The recent breakout level and prior trend high at 2,790 becomes a potential support area and has a good chance of being tested, at a minimum if a pullback deepens. If support is tested around that price level and it is followed by a bullish reversal, that will be a sign of strength and could end the correction, if it comes. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2] Source link<\/p>\n","protected":false},"author":1,"featured_media":33613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-33612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/33612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=33612"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/33612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/33613"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=33612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=33612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=33612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}