{"id":11771,"date":"2022-01-27T10:50:45","date_gmt":"2022-01-27T10:50:45","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11771"},"modified":"2023-05-08T10:53:14","modified_gmt":"2023-05-08T10:53:14","slug":"xauusd-channel-up-1-extra-support-towards-1875","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/01\/27\/xauusd-channel-up-1-extra-support-towards-1875\/","title":{"rendered":"XAUUSD Channel Up + 1 extra Support towards 1875"},"content":{"rendered":"

 <\/p>\n

Gold is being sold aggressively following Powell’s comments on the expected inflation yesterday, despite being considered a counter-inflation asset. Technically that sell-off can be attributed to the chart I posted 1 week ago on the selling pressure that the top of the long-term Triangle applies:<\/p>\n

\"XAUUSD<\/a><\/div>\n

On the shorter term and the 1D time-frame, Gold has formed a very structured Channel Up. That is similar to the pattern of late September – October, which eventually broke to the upside and reached as high as the 3.0 Fibonacci extension. In case of a breach there is a last Support involved, which on November 03 gave the final bottom before the rally. We have set a medium-term target of 1875 (just below the next Resistance) for the next Higher High.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/XAUUSD\/JHWjbQAS-XAUUSD-Channel-Up-1-extra-Support-towards-1875<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Gold is being sold aggressively following Powell’s comments on the expected inflation yesterday, despite being considered a counter-inflation asset. Technically that sell-off can be attributed to the chart I posted 1 week ago on the selling pressure that the top of the long-term Triangle applies: On the shorter term and the 1D time-frame, Gold<\/p>\n","protected":false},"author":611,"featured_media":11772,"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-11771","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\/11771","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=11771"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11771\/revisions"}],"predecessor-version":[{"id":11774,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11771\/revisions\/11774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11772"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}