{"id":76636,"date":"2022-12-05T10:58:24","date_gmt":"2022-12-05T06:58:24","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=76636"},"modified":"2022-12-05T10:58:27","modified_gmt":"2022-12-05T06:58:27","slug":"gold-is-rising-positivity-remains-5-12-2022","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-is-rising-positivity-remains-5-12-2022\/12\/05\/tech-analysis\/","title":{"rendered":"Gold is rising, positivity remains 5\/12\/2022"},"content":{"rendered":"\n<p>Gold prices achieved remarkable gains within the expected upward path during the previous technical analysis, surpassing the official target of 1777, recording its highest level of $1808 per ounce during the early trading of the current session.<\/p>\n\n\n\n<p>Technically, and by looking closely at the 240-minute chart, we notice that gold prices continued to receive a positive incentive from the 50-day simple moving average, which enhances the chances of an increase, in addition to the positive signals coming from the relative strength index.<\/p>\n\n\n\n<p>With gold prices succeeding in confirming the breach of 1786\/1788 and now turning it into a support level, that increases the possibility of continuing the rise to visit 1818, the first target, and then 1828 next station.<\/p>\n\n\n\n<p>The decline below 1786 puts the price under negative pressure, and we witness a rapid retest of 1777 and 1768 levels before attempts to rise again.<\/p>\n\n\n\n<p>Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure 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rong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices achieved remarkable gains within the expected upward path during the previous technical analysis, surpassing the official target of 1777, recording its highest level of $1808 per ounce during the early trading of the current session. Technically, and by looking closely at the 240-minute chart, we notice that gold prices continued to receive a &hellip;<\/p>\n","protected":false},"author":9,"featured_media":76643,"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":[7222,6874,7130,7227],"class_list":["post-76636","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-gold","tag-metals","tag-technical"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76636","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=76636"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76636\/revisions"}],"predecessor-version":[{"id":76644,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76636\/revisions\/76644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/76643"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=76636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}