{"id":1152,"date":"2011-10-05T21:58:07","date_gmt":"2011-10-06T01:58:07","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1152"},"modified":"2011-10-05T21:58:07","modified_gmt":"2011-10-06T01:58:07","slug":"spot-gold-correction-tests-1600","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/spot-gold-correction-tests-1600\/","title":{"rendered":"Spot gold correction tests $1600"},"content":{"rendered":"

Spot gold is testing support at $1600\/ounce, but the primary trend remains upward. Expect a rally to the declining trendline. Breakout above $1700 would indicate the correction is weakening, while failure of support would test $1500*.<\/p>\n

\"Spot<\/p>\n

* Target calculation: 1700 – ( 1900 – 1700 ) = 1500<\/span><\/p>\n

Amex Gold Bugs Index, representing un-hedged gold stocks, is testing primary support at 500. Failure of support would warn of a reversal in the primary trend and would be a bearish sign for spot metal prices.<\/p>\n

\"Amex<\/p>\n","protected":false},"excerpt":{"rendered":"

Spot gold is testing support at $1600\/ounce, but the primary trend remains upward. Expect a rally to the declining trendline. Breakout above $1700 would indicate the correction is weakening, while failure of support would test $1500*. * Target calculation: 1700 – ( 1900 – 1700 ) = 1500 Amex Gold Bugs Index, representing un-hedged gold … <\/p>\n

Continue reading “Spot gold correction tests $1600”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[183,836,1578,2760,3204,3301,3330],"class_list":["post-1152","post","type-post","status-publish","format-standard","hentry","category-gold-commodities","tag-amex-gold-bugs-index","tag-correction","tag-gold-2","tag-primary-trend","tag-spot-gold","tag-support","tag-target"],"yoast_head":"\nSpot gold correction tests $1600 - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spot gold correction tests $1600 - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Spot gold is testing support at $1600\/ounce, but the primary trend remains upward. Expect a rally to the declining trendline. 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In the long term, the primary trend remains up and breakout above $1700 would signal an advance to $1900. * Target calculation: 1700 - ( 1900 - 1700 ) = 1500 Amex\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1741,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/03\/spot-gold-looks-for-support\/","url_meta":{"origin":1152,"position":1},"title":"Spot gold looks for support","author":"ColinTwiggs","date":"November 3, 2011","format":false,"excerpt":"Spot gold is testing support at $1700\/ounce after its recent breakout above the descending trendline and resistance (at $1700). Respect of support would indicate a primary advance to $1900. In the long term, breakout above $1900 would offer a target of $2200, while failure of support at $1600 would warn\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1593,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/dollar-declines-gold-and-commodities-rise\/","url_meta":{"origin":1152,"position":2},"title":"Dollar declines, gold and commodities rise","author":"ColinTwiggs","date":"October 27, 2011","format":false,"excerpt":"The Dollar Index retraced to test the new support level at 76.00. Respect would confirm the primary up-trend, while failure would signal trend weakness. A trough above zero on 63-day Twiggs Momentum would strengthen the bull signal. * Target calculation: 80 + ( 80 - 76 ) = 84 Gold\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3911,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/gold-correction-continues\/","url_meta":{"origin":1152,"position":3},"title":"Gold correction continues","author":"Colin Twiggs","date":"March 22, 2012","format":false,"excerpt":"Spot gold found short-term support at $1640\/ounce but is likely to continue its correction to test primary support at $1500. Reversal of 63-day Twiggs Momentum below zero, for the second time, threatens an iceberg top which would signal a primary down-trend. Breach of primary support at $1500 remains unlikely, but\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":918,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/22\/gold-finds-safe-haven-support\/","url_meta":{"origin":1152,"position":4},"title":"Gold finds safe haven support","author":"ColinTwiggs","date":"September 22, 2011","format":false,"excerpt":"Softening of gold prices from the \"stronger\" dollar is being offset by demand for gold as a safe haven from the looming euro-zone crisis. Respect of support at 1750 would indicate another test of $1900; confirmed if spot recovers above $1830.\u00a0 The pattern remains bullish at present, but breakout below\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4534,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/04\/gold-rallies\/","url_meta":{"origin":1152,"position":5},"title":"Gold rallies","author":"Colin Twiggs","date":"June 4, 2012","format":false,"excerpt":"Spot gold rallied late Friday, breaking the first line of resistance at $1600\/ounce. Penetration of the declining trendline suggests that the down-trend is weakening, but 63-day Twiggs Momentum remains firmly below zero. Retracement that respects new support at $1600 would strengthen the bull signal, however, as would recovery of Momentum\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1152"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1152\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}