{"id":18088,"date":"2019-04-05T22:19:03","date_gmt":"2019-04-05T22:19:03","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=18088"},"modified":"2019-04-05T22:19:47","modified_gmt":"2019-04-05T22:19:47","slug":"gold-descending-triangle","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2019\/04\/05\/gold-descending-triangle\/","title":{"rendered":"Gold descending triangle"},"content":{"rendered":"<p>The Dollar continues to test resistance at 97.50, threatening a breakout. A strengthening Dollar weakens demand for Gold.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-04-05-dxy.png?w=525&#038;ssl=1\" alt=\"Dollar Index\" \/><\/p>\n<p>Spot Gold has formed a descending triangle, testing medium-term support at $1280\/ounce. The bearish formation and declining Trend Index warn of selling pressure. Breach of $1280 would offer a target of primary support at $1180.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-04-05-gold.png?w=525&#038;ssl=1\" alt=\"Spot Gold in USD\" \/><\/p>\n<p>Silver is likewise testing medium-term support at $15\/ounce, warning of a decline to $14.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-04-05-silver2.png?w=525&#038;ssl=1\" alt=\"Spot Silver in USD\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dollar continues to test resistance at 97.50, threatening a breakout. A strengthening Dollar weakens demand for Gold. Spot Gold has formed a descending triangle, testing medium-term support at $1280\/ounce. The bearish formation and declining Trend Index warn of selling pressure. Breach of $1280 would offer a target of primary support at $1180. Silver is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/04\/05\/gold-descending-triangle\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold descending triangle&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9,35],"tags":[1073,3204,3206],"class_list":["post-18088","post","type-post","status-publish","format-standard","hentry","category-gold-precious-metals","category-us-dollar-index","tag-dollar-index","tag-spot-gold","tag-spot-silver"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold descending triangle - 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=\"Gold descending triangle - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The Dollar continues to test resistance at 97.50, threatening a breakout. A strengthening Dollar weakens demand for Gold. Spot Gold has formed a descending triangle, testing medium-term support at $1280\/ounce. The bearish formation and declining Trend Index warn of selling pressure. Breach of $1280 would offer a target of primary support at $1180. Silver is &hellip; Continue reading &quot;Gold descending triangle&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/04\/05\/gold-descending-triangle\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-05T22:19:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-05T22:19:47+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2018\/2019-04-05-dxy.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Gold descending triangle\",\"datePublished\":\"2019-04-05T22:19:03+00:00\",\"dateModified\":\"2019-04-05T22:19:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/\"},\"wordCount\":66,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-04-05-dxy.png\",\"keywords\":[\"Dollar Index\",\"Spot Gold\",\"Spot Silver\"],\"articleSection\":[\"Gold &amp; Precious Metals\",\"US Dollar Index\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/\",\"name\":\"Gold descending triangle - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-04-05-dxy.png\",\"datePublished\":\"2019-04-05T22:19:03+00:00\",\"dateModified\":\"2019-04-05T22:19:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-04-05-dxy.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-04-05-dxy.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/04\\\/05\\\/gold-descending-triangle\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold descending triangle\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. 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Spot Gold is testing medium-term support at $1280\/ounce. Declining Trend Index peaks warn of selling pressure. Breach of $1280 would offer a target of primary support at $1180. Silver is likewise testing medium-term support at $15\/ounce, warning of a\u2026","rel":"","context":"In &quot;Gold &amp; Precious Metals&quot;","block_context":{"text":"Gold &amp; Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18115,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/04\/13\/silver-warns-of-gold-fall\/","url_meta":{"origin":18088,"position":1},"title":"Gold and Silver threaten fall","author":"Colin Twiggs","date":"April 13, 2019","format":false,"excerpt":"Silver closed at $14.965\/ounce, threatening a break below medium-term support at $15\/ounce. Follow-through would warn of a test of primary support at $14. Declining Trend Index peaks flag selling pressure. Spot Gold is testing the base of its descending triangle, at $1280\/ounce, and is likely to follow Silver lower. The\u2026","rel":"","context":"In &quot;Gold &amp; Precious Metals&quot;","block_context":{"text":"Gold &amp; Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18137,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/04\/27\/dollar-breakout-threatens-gold\/","url_meta":{"origin":18088,"position":2},"title":"Dollar breakout threatens Gold","author":"Colin Twiggs","date":"April 27, 2019","format":false,"excerpt":"The Dollar index broke through LT resistance at 97.50, signaling an advance to 100. Expect retracement to first test the new support level. A stronger dollar is likely to weaken Gold. Spot Gold is testing the base of its descending triangle, at $1280\/ounce. A false break, with recovery above $1280\u2026","rel":"","context":"In &quot;Gold &amp; Precious Metals&quot;","block_context":{"text":"Gold &amp; Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18222,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/05\/17\/gold-retreats-as-the-dollar-strengthens\/","url_meta":{"origin":18088,"position":3},"title":"Gold retreats as the Dollar strengthens","author":"Colin Twiggs","date":"May 17, 2019","format":false,"excerpt":"China's Yuan fell sharply against the Dollar on imposition of tariffs by the US. Expect a test of primary support. The Dollar index strengthened. Follow-through above 98 would signal a fresh advance. The long-term target is 100. 10-Year Treasury yields are testing support at 2.40%. Breach would offer a target\u2026","rel":"","context":"In &quot;Chinese Yuan&quot;","block_context":{"text":"Chinese Yuan","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/chinese-yuan\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10802,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/03\/gold-declines-as-the-dollar-rises\/","url_meta":{"origin":18088,"position":4},"title":"Gold Declines as the Dollar rises","author":"ColinTwiggs","date":"September 3, 2014","format":false,"excerpt":"A rising dollar, falling crude prices and low inflation all favor a down-trend for gold, while falling long-term interest rates are the only alleviating factor at present. Gold broke support at $1280, indicating another test of primary support at $1200\/ounce. Declining 13-week Twiggs Momentum below zero suggests a primary down-trend.\u2026","rel":"","context":"In &quot;Fixed Income&quot;","block_context":{"text":"Fixed Income","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/fixed-income\/"},"img":{"alt_text":"Spot Gold","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-03-gold.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-03-gold.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-03-gold.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":18144,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/05\/03\/gold-and-silver-break-support\/","url_meta":{"origin":18088,"position":5},"title":"Gold and Silver break support","author":"Colin Twiggs","date":"May 3, 2019","format":false,"excerpt":"The Dollar index retracement respected support at 97.50, confirming the advance. Follow-through above 98.00 would further strengthen the signal. Target for the advance is 100. 10-Year Treasury yields penetrated the descending trendline, signaling that a base is forming around 2.50%. Rising troughs on the Trend Index also indicate support. Higher\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18088","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=18088"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18088\/revisions"}],"predecessor-version":[{"id":18090,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18088\/revisions\/18090"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=18088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=18088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=18088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}