{"id":398717,"date":"2017-03-28T09:15:40","date_gmt":"2017-03-28T13:15:40","guid":{"rendered":"https:\/\/goldtadise.com\/?p=398717"},"modified":"2017-03-28T09:53:45","modified_gmt":"2017-03-28T13:53:45","slug":"possible-bullish-action-in-gold-but-1145-still-could-be-in-play-in-my-view","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=398717","title":{"rendered":"Possible bullish action in gold but $1145 still could be in play in my view:"},"content":{"rendered":"

In my last gold analysis post, I proposed bullish and bearish near term targets for gold:<\/span><\/p>\n

Bearish potential target: $1145 at bottom line of blue pitchfork…
\n<\/span>Bullish potential target: $1250 to resistance at bottom line of black pitchfork…<\/span><\/p>\n

based on this chart from mid-March:<\/span><\/div>\n
<\/span><\/a><\/div>\n
Gold has moved up and has therefore made a kind of head and shoulders pattern with the shoulders both at the lower line of the black pitchfork trading structure.<\/span><\/div>\n
\u00a0<\/span><\/div>\n
So the bearish target of $1145 is still in play (using the original chart), despite the bullish move over the past week or so:<\/span><\/div>\n

<\/a><\/p>\n

In my view (updated chart), a strong move over $1250-1260 to get the price action clearly into the black fork is needed to be bullish at all.<\/span><\/div>\n
<\/div>\n
This is what it looks like today:<\/div>\n
\"\"<\/a><\/div>\n
<\/div>\n
Current price action is in no man’s land in my view:<\/div>\n
<\/div>\n
\"\"<\/a><\/div>\n
\u00a0<\/span><\/div>\n
\u00a0<\/span><\/div>\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

In my last gold analysis post, I proposed bullish and bearish near term targets for gold: Bearish potential target: $1145 at bottom line of blue pitchfork… Bullish potential target: $1250 to resistance at bottom line of black pitchfork… based on … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2414,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-398717","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/398717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2414"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=398717"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/398717\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=398717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=398717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=398717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}