{"id":8200,"date":"2013-08-04T04:43:48","date_gmt":"2013-08-04T08:43:48","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=8200"},"modified":"2013-08-04T04:43:48","modified_gmt":"2013-08-04T08:43:48","slug":"correction-gold","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/04\/correction-gold\/","title":{"rendered":"Correction: Gold"},"content":{"rendered":"

We received some bad data for gold from our Forex & Precious metals data supplier. Here is the corrected chart and our revised comments:<\/p>\n

\"Spot<\/p>\n

* Target calculation: 1200 – ( 1350 – 1200 ) = 1050<\/p>\n

Gold continues to test support at $1300\/ounce. Breach would suggest another test of primary support at $1200, while failure of primary support would offer a target of $1050*. Dollar Index breakout above 82.50 would strengthen the bear signal. Recovery above 1350 is less likely, but would indicate continuation of the rally to $1400\/ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"

We received some bad data for gold from our Forex & Precious metals data supplier. Here is the corrected chart and our revised comments: * Target calculation: 1200 – ( 1350 – 1200 ) = 1050 Gold continues to test support at $1300\/ounce. Breach would suggest another test of primary support at $1200, while failure … <\/p>\n

Continue reading “Correction: Gold”<\/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":[9],"tags":[3204],"class_list":["post-8200","post","type-post","status-publish","format-standard","hentry","category-gold-precious-metals","tag-spot-gold"],"yoast_head":"\nCorrection: Gold - 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=\"Correction: Gold - the patient investor\" \/>\n<meta property=\"og:description\" content=\"We received some bad data for gold from our Forex & Precious metals data supplier. Here is the corrected chart and our revised comments: * Target calculation: 1200 – ( 1350 – 1200 ) = 1050 Gold continues to test support at $1300\/ounce. 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Bearish divergence on 21-day Twiggs Money Flow\u00a0 suggests selling pressure, but this is not as pronounced on the weekly chart and a peak above the May high would negate this. Reversal below support at 1675 remains\u2026","rel":"","context":"In "Gold & Precious Metals"","block_context":{"text":"Gold & Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7979,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/01\/gold-rallies-2\/","url_meta":{"origin":8200,"position":1},"title":"Gold rallies","author":"ColinTwiggs","date":"July 1, 2013","format":false,"excerpt":"Gold rallied off support at $1200\/ounce and is headed for a test of the declining trendline. Expect resistance between $1300 and the former primary support level of $1340. The primary trend is down and resistance is likely to hold. Respect of resistance would indicate another test of $1200 -- and\u2026","rel":"","context":"In "Gold & Precious Metals"","block_context":{"text":"Gold & Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14544,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/11\/23\/gold-breaches-support\/","url_meta":{"origin":8200,"position":2},"title":"Gold breaches support","author":"ColinTwiggs","date":"November 23, 2016","format":false,"excerpt":"Gold breached support at $1200\/ounce, confirming the primary down-trend. Target for the decline is the December 2015 low at $1050\/ounce. Recovery above $1200 is unlikely at present, but would warn of a bear trap.","rel":"","context":"In "Gold & Precious Metals"","block_context":{"text":"Gold & Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8333,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/27\/gold-rises-on-flight-to-safety\/","url_meta":{"origin":8200,"position":3},"title":"Gold rises on flight to safety","author":"ColinTwiggs","date":"August 27, 2013","format":false,"excerpt":"Fueled by uncertainty over intervention in Syria, which could spill over into a regional conflict, gold is making a strong bear rally. Having broken resistance at $1350, spot gold is headed for a test of the descending trendline at $1500 on the monthly chart. The primary trend remains downward and\u2026","rel":"","context":"In "Gold & Precious Metals"","block_context":{"text":"Gold & Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14266,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/10\/05\/gold-breaches-1300ounce\/","url_meta":{"origin":8200,"position":4},"title":"Gold breaches $1300\/ounce","author":"ColinTwiggs","date":"October 5, 2016","format":false,"excerpt":"Spot gold broke support at $1300\/ounce warning of a test of primary support at $1200. The up-trend has lost momentum, reflected by penetration of the rising trendline, but consolidation above $1200 would suggest that the trend is intact. Breach of $1200 is now as likely, however, and would warn of\u2026","rel":"","context":"In "Gold & Precious Metals"","block_context":{"text":"Gold & Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8278,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/14\/gold-tests-1350-crude-bullish\/","url_meta":{"origin":8200,"position":5},"title":"Gold tests $1350, Crude bullish","author":"ColinTwiggs","date":"August 14, 2013","format":false,"excerpt":"Gold found support at $1270\/ounce before rallying to test $1350. Breakout would offer a target of $1430*, but reversal below $1270 is as likely and would signal a re-test of primary support at $1200. * Target calculation: 1350 + ( 1350 - 1270 ) = 1430 We have switched to\u2026","rel":"","context":"In "Commodities"","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\/8200","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=8200"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8200\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=8200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=8200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=8200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}