economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Pennant Breakout at Risk The bull pennant has not failed yet, it is just getting off to a slow start and that is a concern. Nonetheless, what happens next will be important. A decisive rally above today\u2019s high could lead to a test of the next target area around $2,961. Further up is a target derived from a long-term price pattern that began in 2022 and points to $2,982. Subsequently, a price zone from $3,012 to $3.043 marks the confluence of four targets. Since they are relatively close together, it may be most useful considering it as a range of potential resistance. Top Channel Line Provides a Guide Another guide is provided by a trendline across the top of a bullish trend channel. The potential resistance zone starting at $3,012 is in the price area around the top trendline. Also, notice that when considering that line along with the near-term uptrend line a rising bearish wedge type pattern is indicated. Gold could rise towards a test of resistance near the top line and still hit the higher resistance zone before breaking above the line. As a matter of fact, the $3,012 price line is crossing the trendline today. An interesting coincidence or is the market telling us to watch that line? Let\u2019s see. Below $2,919 is Short-term Bearish Given support at today\u2019s low of $2,919, a decisive drop through that low opens the possibility of gold testing support around the lower end of the pennant consolidation pattern. Tuesday\u2019s low of $2,892 provides a proxy for the line as of today. However, last Friday\u2019s low at $2,877 is a minor interim swing low and therefore has greater significance as it is part of the bullish price structure. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":35619,"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-35618","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\/35618","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=35618"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/35618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/35619"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=35618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=35618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=35618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}