{"id":33824,"date":"2020-09-10T14:11:32","date_gmt":"2020-09-10T10:11:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=33824"},"modified":"2020-09-28T12:37:56","modified_gmt":"2020-09-28T08:37:56","slug":"gold-on-its-way-to-maintain-week-high-and-beyond","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-on-its-way-to-maintain-week-high-and-beyond\/09\/10\/general\/","title":{"rendered":"Gold on Its Way to Maintain Week-High And Beyond"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/noortrends.ae\/wp-content\/uploads\/2020\/09\/XAU-6-1024x435.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>The precious metal returned to the positive steps found a strong support floor around our target, which it reached during this week&#8217;s trading at 1909 and pushed it to rebound higher.<\/p>\n\n\n\n<p>On the technical side, the current moves are witnessing stability above the 1934 resistance at 50.0% Fib retracement with the 50-day moving average heading downwards.<\/p>\n\n\n\n<p>Despite the technical factors in favor of a bullish today, we prefer to wait until confirming the breach of 1956 to enhance the chances of the rally towards 1967, correction of 38.20, bearing in mind that a break of the mentioned level may extend gains towards 1973.<\/p>\n\n\n\n<p>If trading returns below 1934, the metal will remain under negative pressure and return to the bearish bias making its way towards 1901.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:&nbsp;1926.00<\/strong><\/td><td><strong>R1:<\/strong>&nbsp;<strong>1956.00&nbsp;<\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>&nbsp;<strong>1908.00&nbsp;&nbsp;&nbsp;<\/strong><\/td><td><strong>R2:<\/strong>&nbsp;<strong>1968.00&nbsp;<\/strong><\/td><\/tr><tr><td><strong>S3:<\/strong>&nbsp;<strong>1896.00&nbsp;&nbsp;&nbsp;<\/strong><\/td><td><strong>R3:<\/strong>&nbsp;<strong>1986.00&nbsp;<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The precious metal returned to the positive steps found a strong support floor around our target, which it reached during this week&#8217;s trading at 1909 and pushed it to rebound higher. On the technical side, the current moves are witnessing stability above the 1934 resistance at 50.0% Fib retracement with the 50-day moving average heading &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31385,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[6874],"class_list":["post-33824","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-general","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=33824"}],"version-history":[{"count":5,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33824\/revisions"}],"predecessor-version":[{"id":33832,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33824\/revisions\/33832"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31385"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=33824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=33824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=33824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}