Gold<\/a> markets have fallen a bit during the trading session early Thursday morning, but we are approaching an area that is in fact supported as we have seen over the last couple of weeks. So I do think it\u2019s very likely that we could see a bit of interest in gold here. Whether or not we can bounce enough to break back above the $2,900 level is the question. And if we do, then I think we just go back towards the top of the range near $2,950 or so. Anything above opens up the possibility of a move to the $3,000 level.<\/p>\nThat being said, if we were to break down below the $2,870 level, then we might have a little bit of a deeper correction, perhaps down to the 50-day EMA and the $2,800 level. This, of course, is an area that is a large, round, psychologically significant figure, and a lot of people would be paying close attention to it. The 50-day EMA being there, of course, lends more credence, but it\u2019s also worth noting that it was a major swing in late October of last year, and therefore I think a lot of people will be paying attention to that region, perhaps trying to pick up cheap ounces.<\/p>\n<\/div>\n
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[ad_1] Gold Markets Technical Analysis Gold markets have fallen a bit during the trading session early Thursday morning, but we are approaching an area that is in fact supported as we have seen over the last couple of weeks. So I do think it\u2019s very likely that we could see a bit of interest in gold here. Whether or not we can bounce enough to break back above the $2,900 level is the question. And if we do, then I think we just go back towards the top of the range near $2,950 or so. Anything above opens up the possibility of a move to the $3,000 level. That being said, if we were to break down below the $2,870 level, then we might have a little bit of a deeper correction, perhaps down to the 50-day EMA and the $2,800 level. This, of course, is an area that is a large, round, psychologically significant figure, and a lot of people would be paying close attention to it. The 50-day EMA being there, of course, lends more credence, but it\u2019s also worth noting that it was a major swing in late October of last year, and therefore I think a lot of people will be paying attention to that region, perhaps trying to pick up cheap ounces. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":36849,"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-36848","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\/36848","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=36848"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/36848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/36849"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=36848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=36848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=36848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}