economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Relatively Quick Recovery Although gold fell below potential trend support represented by both the trendline and 20-Day MA on Monday, the quick recovery shows the bulls back in charge and the integrity of the short-uptrend intact. A daily close above the 20-Day MA will confirm strength indicated by today\u2019s bullish reversal. Monday\u2019s corrective low of $2,956 established a higher swing low and completed a 61.8% Fibonacci retracement of an internal upswing and a successful test of support near prior resistance that marked the most recent bullish breakout at $2,956. In addition to finding support around two key price levels, the 50-Day MA was slightly below that price area as well. The 50-Day line continues to rise and has reached $2,953 currently. The 50-Day MA now represents a key trend support area moving forward. Rally Follows Minor Pullback Gold\u2019s sharp advance following a relatively minor retracement is bullish but needs further signs of strength to indicate whether it can continue to rise in the near-term. Certainly, a minor pullback may occur before an attempt is made to challenge the recent new record high of $3,168. Potential support levels to watch include the 20-Day MA, Tuesday\u2019s high of $3,023, and the uptrend line. Once today\u2019s advance is further established, the rising trendline will move to this week\u2019s low. First Upside Target at $3,177 If the record high is approached there is a top trend channel line (blue) slightly above the level and a short-term rising ABCD target a little higher at $3,177. That channel line represented resistance recently and it may do so again. Further up is the confluence of two indicators at $3,199. 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":42394,"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-42393","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\/42393","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=42393"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/42393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/42394"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=42393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=42393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=42393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}