economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Retains Channel Breakout Notice that there is a higher daily low today and that support for the past two days was at a prior top trend channel line (purple). That line is the top of a long-term channel starting from February 2024. Signs of support at a prior resistance line is a sign of strengthening. Nonetheless, what happens next is what matters. Is the bull channel breakout sustained or is it followed by a decline back into the channel. There is also a smaller rising parallel trend channel (blue) on the chart marking resistance around Tuesday\u2019s high. That high also completed a 261.8% retracement of the bearish correction begun in the second half of February at $3,153. Above $3,153 is $3,170 Especially if gold can stay above the top purple channel line, it has a chance to continue towards higher potential targets. Above the 261.8% retracement level is a small target range from $3,170 to $3,177, consisting of the 250% retracement of the October 2024 decline, and the initial target from a rising ABCD pattern, respectively. Bearish Shooting Start Triggers Below $3,101 On the downside, a drop below Wednesday\u2019s low of $3,108 puts Tuesday\u2019s low of $3,101 at risk of failing as well. Gold would then be back below the top channel line and likely heading towards a test of support around the prior pivot around $3,077, and the recent high at $3,058. Further down is potential support at the 20-Day MA, now at $3,012. 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":41392,"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-41391","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\/41391","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=41391"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/41391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/41392"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=41391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=41391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=41391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}