{"id":11744,"date":"2022-01-11T09:46:56","date_gmt":"2022-01-11T09:46:56","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11744"},"modified":"2023-05-08T09:49:14","modified_gmt":"2023-05-08T09:49:14","slug":"gold-forming-a-symmetrical-november-bullish-break-out-pattern","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/01\/11\/gold-forming-a-symmetrical-november-bullish-break-out-pattern\/","title":{"rendered":"GOLD forming a symmetrical November bullish break-out pattern."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>As you see Gold spot prices (XAUUSD) broke below their dominant Channel Up pattern of December but this didn&#8217;t turn out to be a bearish signal as the very same bullish (break-out) flag was formed in October&#8217;s Channel Up. The Bull Flag (black channel) eventually recovered the 4H MA50 (blue trend-line) and broke upwards, above the 1834 Symmetrical Resistance and made a 1877.50 top.<\/p>\n<p>Right now Gold is above the 4H MA50, attempting that important break-out test. We expect 1875 at least within January. A 3.0 Fibonacci extension can be used as target later after 1D closes a candle above the Resistance.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/Tm8365rw-GOLD-forming-a-symmetrical-November-bullish-break-out-pattern\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XAUUSD\/Tm8365rw-GOLD-forming-a-symmetrical-November-bullish-break-out-pattern<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; As you see Gold spot prices (XAUUSD) broke below their dominant Channel Up pattern of December but this didn&#8217;t turn out to be a bearish signal as the very same bullish (break-out) flag was formed in October&#8217;s Channel Up. The Bull Flag (black channel) eventually recovered the 4H MA50 (blue trend-line) and broke upwards,<\/p>\n","protected":false},"author":611,"featured_media":11745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1638],"tags":[],"class_list":["post-11744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11744"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11744\/revisions"}],"predecessor-version":[{"id":11748,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11744\/revisions\/11748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11745"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}