economic calendar<\/a>.<\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Inside Day Consolidation The inside day pattern may complete as a bearish doji shooting start candlestick pattern. Although that pattern is typically more reliable at market tops, it still reflects sellers being in control for the day, as the day\u2019s closing price is set to be near the lows of the day. Therefore, a decline below $2,975 will trigger a breakdown of the inside day shooting star pattern. Shows Relative Strength Gold has held up better than many assets during recent global market volatility as it has only fallen by 6.7% and it remains above the 50-Day MA. Although dropping below the rising trendline and 20-Day MA are signs of weakness, the relationship to the 50-Day line is now key support. If gold remains above the 50-Day MA, it has a chance for the advance to continue. But a decisive decline below the 50-Day line could change that. 50-Day Moving Average Support is Key Lower potential support levels that are below the 50-Day line, include a 78.6% retracement level at $2,904, a 50% retracement of a larger swing at $2,875, and a prior interim swing low at $2,833. Those price areas can be watched for possible support along with the next lower long-term uptrend line (purple). If the 50-Day MA fails as support, the next trend indicator is the purple uptrend line, and therefore it has a good chance of being reached if gold drops below and then stays below the 50-Day MA. Upside Breakout Faces 20-Day Moving Average On the upside, a one-day bullish reversal above today\u2019s high of $3,023 may lead to a test of resistance around the 20-Day MA at $3,036. Then there is Monday\u2019s high of $3,055. Gold would need to trade above and stay above $2,023 before it has a chance to challenge recent highs. 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":42214,"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-42213","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\/42213","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=42213"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/42213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/42214"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=42213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=42213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=42213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}