economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Tuesday\u2019s Price Range Has Key Price Levels Following a new record high of $3,058 reached last Thursday, gold dropped to a low of $2,999 on Friday. That remains the low of the bearish pullback so far, which is not much. Near the record high for gold is the 200% extended retracement of the late-October bearish correction at $3,043. There looks to be two basic scenarios now developing in gold. Either the bull trend continues towards a higher target, or a bearish correction continues. A higher daily high and higher low today showed short-term strength following a very minor decline. But a bearish reversal intraday at the 61.8% retracement and subsequent decline intraday suggests the possibility that a continuation of the pullback may follow. Above $3,058 Targets $3,080 A rise above today\u2019s high of $3,036 will show strength but gold would need to get above last Friday\u2019s high of $3,047 before there is an indication that gold may challenge the recent high before a deeper pullback. If gold can subsequently exceed the record high it should have a chance to approach the next higher target around $3,080, which shows confluence of a couple Fibonacci levels. In addition, there is a top trend channel line (green highlight) that may present resistance a little above the higher price target. 38.2% Fibonacci Retracement and 20-Day MA Support On the downside, a drop below Tuesday\u2019s low of $3,007 indicates a likely deeper pullback while that is signaled on a drop below Friday\u2019s low and the weekly low at $2,999. Downside initial targets include the 38.2% Fibonacci retracement at $2,972 and the prior trend high at $2,956. Notice that the 20-Day MA has converged with that prior high and it continues to rise. The 20-Day line is at $2,955 and it also presents an important short-term pullback target. 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":40226,"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-40225","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\/40225","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=40225"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/40225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/40226"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=40225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=40225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=40225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}