economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Bullish Momentum Unsustainable Technically, there has been limited damage done to the bull trend so far, but there are initial signs that at least an interim high may have been reached and therefore a deeper or longer correction may have begun. The recent rapid rise in the slope of the trend is one example of how the gold rally may have reached exhaustion now that a one-day bearish signal has been confirmed. Trend indicators such as rising support trendlines and the increasing spread between the 200-Day MA (blue), 50-Day MA (orange), and 20-Day MA (purple), reflect the growing bullish momentum. Bearish Signs Remain A decline below today\u2019s low of $3,287 will give a bearish signal and put this week\u2019s low at risk of failing. However, the first key support zone looks to be from $3,246 to $3,228, consisting of a prior trend high and 50% retracement, respectively. The top blue rising trend channel line previously represented resistance and now support since it was exceeded two weeks ago is also around that price area. Subsequently, a decline below the 50% retracement level puts gold in a position to test the next lower potential support zone around a prior trend high and 61.8% Fibonacci retracement level at $3,164. 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":44436,"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-44435","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\/44435","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=44435"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/44435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/44436"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=44435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=44435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=44435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}