{"id":35133,"date":"2020-10-08T10:58:07","date_gmt":"2020-10-08T06:58:07","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35133"},"modified":"2020-10-08T10:58:09","modified_gmt":"2020-10-08T06:58:09","slug":"gold-continues-to-target-the-downside","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-continues-to-target-the-downside\/10\/08\/tech-analysis\/","title":{"rendered":"Gold Continues to Target The Downside"},"content":{"rendered":"\n<p>The technical outlook for gold has not changed, nor has there been any significant change in its movement still in sideway moves.<\/p>\n\n\n\n<p>Technically, looking at the 4-hour chart, we find that the RSI supports the downside moves, in addition to the confirmation of gold&#8217;s breach of 1901 support, which turned into resistance, 61.80% Fib<\/p>\n\n\n\n<p>We maintain our negative outlook towards 1860\/1863 as initial targets and may extend to 1856. The bearish scenario depends on the price remaining below 1901 and most importantly 1915.<\/p>\n\n\n\n<p> Warning: the risk level may be high today.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:\u00a0<strong><strong><strong>1874.00<\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R1: <strong><strong><strong>1901.00\u00a0<\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>\u00a0<strong><strong><strong><strong>1860.00\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R2:<\/strong>\u00a0<strong><strong><strong><strong>1915.00\u00a0<\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S3:\u00a0<strong><strong><strong>1848.00\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R3: <strong><strong><strong>1926.00\u00a0<\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The technical outlook for gold has not changed, nor has there been any significant change in its movement still in sideway moves. Technically, looking at the 4-hour chart, we find that the RSI supports the downside moves, in addition to the confirmation of gold&#8217;s breach of 1901 support, which turned into resistance, 61.80% Fib We &hellip;<\/p>\n","protected":false},"author":9,"featured_media":35134,"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":[42,41],"tags":[7222,6882,6874,7130],"class_list":["post-35133","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-forex","tag-gold","tag-metals"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35133","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=35133"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35133\/revisions"}],"predecessor-version":[{"id":35135,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35133\/revisions\/35135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35134"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}