{"id":87557,"date":"2023-08-09T10:18:59","date_gmt":"2023-08-09T06:18:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=87557"},"modified":"2023-08-09T10:19:02","modified_gmt":"2023-08-09T06:19:02","slug":"gold-continues-its-gradual-decline-9-8-2023","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-continues-its-gradual-decline-9-8-2023\/08\/09\/tech-analysis\/","title":{"rendered":"Gold continues its gradual decline 9\/8\/2023"},"content":{"rendered":"\n<p>Gold prices were able to achieve the first bearish target required to be touched during the previous trading session, located at 1926 price, recording its lowest level at $1922 per ounce.<\/p>\n\n\n\n<p>Today&#8217;s technical vision indicates the possibility of resuming the bearish trend, relying on the continuation of the negative impact of the bearish technical structure as shown on the 240-minute chart, in addition to the negative pressure coming from the simple moving averages that support the daily bearish price curve.<\/p>\n\n\n\n<p>From here, with trading stability below 1945 correction 50.0%, the bearish scenario remains the most likely during the session, knowing that consolidation below 1926 facilitates the task required to visit 1913 Fibonacci correction 61.80% as the main expected target.<\/p>\n\n\n\n<p>To remind you that closing at least an hourly candlestick above 1945 nullifies the activation of the suggested scenario, and the bullish trend returns to controlling gold&#8217;s movements, and we are witnessing a re-test of 1956 in principle.<\/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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prices were able to achieve the first bearish target required to be touched during the previous trading session, located at 1926 price, recording its lowest level at $1922 per ounce. Today&#8217;s technical vision indicates the possibility of resuming the bearish trend, relying on the continuation of the negative impact of the bearish technical structure &hellip;<\/p>\n","protected":false},"author":9,"featured_media":87565,"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-87557","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\/87557","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=87557"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87557\/revisions"}],"predecessor-version":[{"id":87566,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87557\/revisions\/87566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/87565"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=87557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=87557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=87557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}