economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Signs of Solid Support The price area around this week\u2019s low is marked by several indicators showing that it may have some significance. The bottom line of a rising trend channel is close to the low and aligns with the lower line of a shorter falling channel. In addition, support was successfully tested around the 50-Day MA, now at $3,162. Also, a descending ABCD pattern reached its 100% target nearby at $3,140. Since the lower rising trendline and 50-Day MA mark dynamic support for the rising trend, a bullish reversal from those price areas indicates that the trend remains intact and can be anticipated to continue unless negated by bearish reversal signs. Above Friday\u2019s $3,252 is Bullish A rally above today\u2019s high of $3,252 will be a sign of strength and indicate that gold may be ready to test higher price levels as resistance. Since the lower end of a declining trend channel was reached this week, there is the potential for an eventual rally to the top declining trendline of the channel. However, first there is the 20-Day MA that marks potential resistance. It needs to be reclaimed before higher prices are possible. The 20-Day line is currently at $3,302. Drop Below this Week\u2019s Low of $3,121 is Bearish Regardless of the potential for support to be retained at this week\u2019s low, a drop below $3,121 could start to change that. A sustained decline below $3,121 would show the beginning of a possible failure of the near-term bull trend (from September swing low). Certainly, given the recent sharp advance in gold to new record highs a correction and possible consolidation would be appropriate before it is ready to move higher. As of now, it looks like consolidation would be contained within the falling channel. 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":45907,"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-45906","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\/45906","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=45906"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/45906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/45907"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=45906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=45906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=45906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}