{"id":180,"date":"2011-05-19T11:51:01","date_gmt":"2011-05-19T10:51:01","guid":{"rendered":"http:\/\/www.futurestechs.co.uk\/blog\/?p=180"},"modified":"2011-05-19T11:51:01","modified_gmt":"2011-05-19T10:51:01","slug":"gold-technical-analysis","status":"publish","type":"post","link":"https:\/\/www.futurestechs.co.uk\/news\/2011\/05\/19\/gold-technical-analysis\/","title":{"rendered":"Gold Technical Analysis"},"content":{"rendered":"<p><!--[if !mso]>\n\n\n\n<style>\nv:* {behavior:url(#default#VML);}\no:* {behavior:url(#default#VML);}\np:* {behavior:url(#default#VML);}\n.shape {behavior:url(#default#VML);}\nv:textbox {display:none;}\n<\/style>\n\n<![endif]--> We have posted today&#8217;s Gold comment below. In European trade we have seen a hold of our key support level of 1486.9-1487.7, so the trendline is holding firm, suggesting this is a buying opportunity. We now need to see 1500 taken out&#8230;<\/p>\n<p>Today&#8217;s comment, sent to our clients at 07.30am (UK time):<\/p>\n<p>Gold struggled with $1500 yesterday, pretty much all day, and this psychological barrier is clearly causing some bother as we try and rally off of trend support, a line that moves up to 1486.9 today, not far away from yesterday&#8217;s 1487.7 low (set in the European morning session).<\/p>\n<p>So it&#8217;s a tug of war in the short term, but a well defined battle, which makes our job pretty easy.<\/p>\n<p>\u2022Scenario 1: Break 1500, see a reaction through 1508.6 to retest 1526.5.<\/p>\n<p>\u2022Scenario 2: Break below 1486.9, gun for 1462.5. We would turn bearish if the latter broke and look for 1416 next.<\/p>\n<p><a href=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/05\/gold1905.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-181\" title=\"gold1905\" src=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/05\/gold1905.jpg\" alt=\"\" width=\"500\" height=\"294\" \/><\/a><\/p>\n<p>To view the Report as sent to our clients, including Support and Resistance Levels, Automated Levels, and our unique &#8220;SkewBar&#8221; please click the thumbnail below:<\/p>\n<p><a href=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/05\/gold1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-thumbnail wp-image-183\" title=\"gold1\" src=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/05\/gold1-150x150.jpg\" alt=\"\" width=\"69\" height=\"69\" \/><\/a><\/p>\n<p>To request a Free Trial of our Daily Technical Analysis Reports please click <a href=\"http:\/\/www.futurestechs.co.uk\/professional_trial\">here.<\/a><\/p>\n<p>Individual traders can have a look on our website on a trial basis by clicking <a href=\"http:\/\/www.futurestechs.co.uk\/trial\">here. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> We have posted today&#8217;s Gold comment below. In European trade we have seen a hold of our key support level of 1486.9-1487.7, so the trendline is holding firm, suggesting this is a buying opportunity. We now need to see 1500 taken out&#8230;<br \/>\nToday&#8217;s comment, sent to our clients at 07.30am (UK time):<br \/>\nGold struggled with $1500 yesterday, pretty much &#8230;<\/p>\n<p><a class=\"btn-primary entries-readmore\" href=\"https:\/\/www.futurestechs.co.uk\/news\/2011\/05\/19\/gold-technical-analysis\/\" title=\"Read more\">Read more<\/a><\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[104,112,116,117,235,236,240,256,258,260,265,495],"class_list":["post-180","post","type-post","status-publish","format-standard","hentry","category-technical-analysis","tag-chart-technical-analysis","tag-clive-lambert","tag-commodity-charts","tag-commodity-technical-analysis","tag-futurestech","tag-futurestechs","tag-futuretechs","tag-gold-chart-analysis","tag-gold-charts","tag-gold-futures","tag-gold-technical-analysis","tag-technical-analysis-reports"],"_links":{"self":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/comments?post=180"}],"version-history":[{"count":0,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/180\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/media?parent=180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/categories?post=180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/tags?post=180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}