{"id":7996,"date":"2013-07-03T22:15:56","date_gmt":"2013-07-04T02:15:56","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=7996"},"modified":"2013-07-03T22:15:56","modified_gmt":"2013-07-04T02:15:56","slug":"gold-and-commodities-bear-rally-likely-to-fail","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/","title":{"rendered":"Gold and commodities bear rally likely to fail"},"content":{"rendered":"<p>Gold found support at $1200\/ounce, but the rally was short-lived, encountering resistance at $1260. Breakout would test resistance at $1300\/1320, while reversal below $1230 would again test $1200. Continuation of the down-trend is likely, and failure of support at $1200 would offer a medium-term target of $1100*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Spot Gold\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-04-gold.png?w=525&#038;ssl=1\" \/><\/p>\n<p class=\"target\">* Target calculation: 1200 &#8211; ( 1300 &#8211; 1200 ) = 1100<\/p>\n<p>The Gold Bugs index (representing un-hedged gold stocks) diverged from the spot price in 2012 and retreated, relatively, a lot further since 2011. Does that mean the spot price will follow &#8212; or that gold stocks are oversold? I have no idea how far gold will eventually fall, but I do take this as a bearish sign for the metal.<br \/>\n<img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Spot Silver\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-04-hui.png?w=525&#038;ssl=1\" \/><\/p>\n<h3>Crude Oil<\/h3>\n<p>Nymex WTI light crude broke resistance at $98\/barrel and follow-through above $100 would confirm a primary up-trend. Brent continues to range between $100 and $106, with the spread narrowing to less than $4\/barrel. Rising Nymex crude prices reflect a stronger US economy, and should ensure the spread closes completely in the months ahead.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Brent Crude and Nymex Crude\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-04-crude.png?w=525&#038;ssl=1\" \/><\/p>\n<h3>Commodities<\/h3>\n<p>Commodity prices are largely driven by Chinese demand, as reflected by the correlation between Dow Jones\/UBS Commodity Index and the Shanghai Composite. The Shanghai is in a strong primary down-trend and likely to drag commodities even lower. Breakout below support at 125\/126 would offer a long-term target of the 2009 low at 100*. Not good news for Australian resources stocks, even though the impact is cushioned by a falling Aussie Dollar.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Dow Jones UBS Commodities Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-04-dubs-ssec.png?w=525&#038;ssl=1\" \/><\/p>\n<p class=\"target\">* Target calculation: 125 &#8211; ( 150 &#8211; 125 ) = 100<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold found support at $1200\/ounce, but the rally was short-lived, encountering resistance at $1260. Breakout would test resistance at $1300\/1320, while reversal below $1230 would again test $1200. Continuation of the down-trend is likely, and failure of support at $1200 would offer a medium-term target of $1100*. * Target calculation: 1200 &#8211; ( 1300 &#8211; &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold and commodities bear rally likely to fail&#8221;<\/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":[43,44,9,35],"tags":[1127,1580,1779,2529,3204],"class_list":["post-7996","post","type-post","status-publish","format-standard","hentry","category-commodities-gold-commodities","category-crude-oil-natural-gas","category-gold-precious-metals","category-us-dollar-index","tag-dow-jones-ubs-commodity-index","tag-gold-bugs-index","tag-ice-brent-crude","tag-nymex-wti-light-crude","tag-spot-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold and commodities bear rally likely to fail - 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 and commodities bear rally likely to fail - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Gold found support at $1200\/ounce, but the rally was short-lived, encountering resistance at $1260. Breakout would test resistance at $1300\/1320, while reversal below $1230 would again test $1200. Continuation of the down-trend is likely, and failure of support at $1200 would offer a medium-term target of $1100*. * Target calculation: 1200 &#8211; ( 1300 &#8211; &hellip; Continue reading &quot;Gold and commodities bear rally likely to fail&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/\" \/>\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:published_time\" content=\"2013-07-04T02:15:56+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2013\/2013-07-04-gold.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Gold and commodities bear rally likely to fail\",\"datePublished\":\"2013-07-04T02:15:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/\"},\"wordCount\":237,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2013\\\/2013-07-04-gold.png\",\"keywords\":[\"Dow Jones-UBS Commodity Index\",\"Gold Bugs Index\",\"ICE Brent Crude\",\"Nymex WTI Light Crude\",\"Spot Gold\"],\"articleSection\":[\"Commodities\",\"Crude Oil &amp; Natural Gas\",\"Gold &amp; Precious Metals\",\"US Dollar Index\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/\",\"name\":\"Gold and commodities bear rally likely to fail - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2013\\\/2013-07-04-gold.png\",\"datePublished\":\"2013-07-04T02:15:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2013\\\/2013-07-04-gold.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2013\\\/2013-07-04-gold.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/07\\\/03\\\/gold-and-commodities-bear-rally-likely-to-fail\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold and commodities bear rally likely to fail\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/thepatientinvestor.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=61572934660810\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\",\"name\":\"ColinTwiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"caption\":\"ColinTwiggs\"},\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/colin58s\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold and commodities bear rally likely to fail - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Gold and commodities bear rally likely to fail - the patient investor","og_description":"Gold found support at $1200\/ounce, but the rally was short-lived, encountering resistance at $1260. Breakout would test resistance at $1300\/1320, while reversal below $1230 would again test $1200. Continuation of the down-trend is likely, and failure of support at $1200 would offer a medium-term target of $1100*. * Target calculation: 1200 &#8211; ( 1300 &#8211; &hellip; Continue reading \"Gold and commodities bear rally likely to fail\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2013-07-04T02:15:56+00:00","og_image":[{"url":"http:\/\/static.incrediblecharts.com\/images\/2013\/2013-07-04-gold.png","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Gold and commodities bear rally likely to fail","datePublished":"2013-07-04T02:15:56+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/"},"wordCount":237,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-07-04-gold.png","keywords":["Dow Jones-UBS Commodity Index","Gold Bugs Index","ICE Brent Crude","Nymex WTI Light Crude","Spot Gold"],"articleSection":["Commodities","Crude Oil &amp; Natural Gas","Gold &amp; Precious Metals","US Dollar Index"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/","name":"Gold and commodities bear rally likely to fail - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-07-04-gold.png","datePublished":"2013-07-04T02:15:56+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-07-04-gold.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-07-04-gold.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/03\/gold-and-commodities-bear-rally-likely-to-fail\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Gold and commodities bear rally likely to fail"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-24Y","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":8133,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/18\/crude-rallies-while-gold-and-commodities-stall\/","url_meta":{"origin":7996,"position":0},"title":"Crude rallies while gold and commodities stall","author":"ColinTwiggs","date":"July 18, 2013","format":false,"excerpt":"Gold is consolidating in a narrow range below resistance at $1300 -- a bullish sign. Upward breakout would penetrate the descending trendline, suggesting a bottom is forming.\u00a0 Reversal below $1270, however, would indicate another test of $1200. Failure of support at $1200 would offer a medium-term target of $1100*. *\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":[]},{"id":8823,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/04\/gold-support-at-1200\/","url_meta":{"origin":7996,"position":1},"title":"Gold support at $1200","author":"ColinTwiggs","date":"December 4, 2013","format":false,"excerpt":"Gold The long tail on this week's candle reflects buying support for spot gold at $1200\/ounce. Recovery above $1250 would suggest another rally to $1350. But the 63-day Twiggs Momentum peak below zero warns of a down-trend. And breach of primary support at $1200 would confirm. * Target calculation: 1250\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":[]},{"id":8086,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/10\/gold-lifts-on-dollars-sharp-fall\/","url_meta":{"origin":7996,"position":2},"title":"Gold lifts on Dollar&#8217;s sharp fall","author":"ColinTwiggs","date":"July 10, 2013","format":false,"excerpt":"Gold broke medium-term resistance at $1260 as the Dollar Index fell sharply. Expect strong resistance between $1300 and 1340, however, and respect of the descending trendline would indicate another test of $1200. Continuation of the down-trend is likely, and failure of support at $1200 would offer a medium-term target of\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":[]},{"id":7729,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/09\/gold-rally-falters-while-bond-yields-rise\/","url_meta":{"origin":7996,"position":3},"title":"Gold rally falters, while bond yields rise","author":"ColinTwiggs","date":"May 9, 2013","format":false,"excerpt":"Gold's bear rally has run out of steam, with continued tests of support at $1440\/$1450. Breach would penetrate the rising trendline, indicating another test of primary support at $1320. Target for the decline would be $1200*. Breakout above $1500 is unlikely, but would test $1550.* Target calculation: 1350 - (\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8232,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/08\/gold-and-commodities-falling-while-dollar-weakens\/","url_meta":{"origin":7996,"position":4},"title":"Gold and commodities falling while Dollar weakens","author":"ColinTwiggs","date":"August 8, 2013","format":false,"excerpt":"Gold is drifting lower after breaking support at $1300\/ounce. Penetration of support at $1270 would signal a re-test of primary support at $1200, but reversal above $1300 remains as likely and would indicate another test of $1350. Breakout above $1350 would target $1400. The above feed is from a new\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":[]},{"id":8805,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/11\/27\/gold-1200-next\/","url_meta":{"origin":7996,"position":5},"title":"Gold: $1200 next?","author":"ColinTwiggs","date":"November 27, 2013","format":false,"excerpt":"Spot gold consolidating in a narrow band below support at $1250\/ounce suggests a test of $1200. The 63-day Twiggs Momentum peak below zero strengthens the signal. Breakout below the June low ($1200) would confirm a primary down-trend. Recovery above $1260 is unlikely, but would indicate a rally to $1350. *\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\/7996","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=7996"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7996\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=7996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=7996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=7996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}