{"id":11852,"date":"2022-03-23T07:53:42","date_gmt":"2022-03-23T07:53:42","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11852"},"modified":"2023-05-09T07:55:56","modified_gmt":"2023-05-09T07:55:56","slug":"xauusd-long-term-bullish-and-bearish-levels","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/03\/23\/xauusd-long-term-bullish-and-bearish-levels\/","title":{"rendered":"XAUUSD long-term bullish and bearish levels."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Gold (XAUUSD) has exhausted the late February &#8211; early March rally and since the March 08 peak, has corrected back near the 1D MA50 (blue trend-line). That is the 1st Support and should be enough to hold the price for at least another 3 weeks.<\/p>\n<p>Basically that rally and subsequently the blow-off top, resembles the rally and correction of the August 11 2020 peak. After the blow-off top, Gold consolidated within a Triangle and when the 1D MA50 broke, the price eventually turned bearish on the long-term with the next Support being the 1D MA200 (orange trend-line).<\/p>\n<p>The reason it failed to turn bullish instead, was because it didn&#8217;t make a Higher High outside the Triangle. As a result, we have that break-out level\/ Resistance at around 2010, so above that level, we expect Gold to turn bullish again. On the other hand, a break below the 1D MA50, as in 2020, should add more selling pressure towards the 1D MA200.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/RKDJU16m-XAUUSD-long-term-bullish-and-bearish-levels\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XAUUSD\/RKDJU16m-XAUUSD-long-term-bullish-and-bearish-levels<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Gold (XAUUSD) has exhausted the late February &#8211; early March rally and since the March 08 peak, has corrected back near the 1D MA50 (blue trend-line). That is the 1st Support and should be enough to hold the price for at least another 3 weeks. Basically that rally and subsequently the blow-off top, resembles<\/p>\n","protected":false},"author":611,"featured_media":11853,"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-11852","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\/11852","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=11852"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11852\/revisions"}],"predecessor-version":[{"id":11855,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11852\/revisions\/11855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11853"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}