{"id":12108,"date":"2022-06-13T10:25:20","date_gmt":"2022-06-13T10:25:20","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12108"},"modified":"2023-05-10T10:29:14","modified_gmt":"2023-05-10T10:29:14","slug":"xauusd-still-bearish-unless-the-1d-ma50-breaks","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/06\/13\/xauusd-still-bearish-unless-the-1d-ma50-breaks\/","title":{"rendered":"XAUUSD Still bearish unless the 1D MA50 breaks."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>A lot of volatility lately on Gold (XAUUSD) with the inflation data weighing on the technically bearish long-term pattern, which as we outlined last week was a Channel Down:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"XAUUSD Still bearish unless this level breaks\" href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/bbgr3OLB-XAUUSD-Still-bearish-unless-this-level-breaks\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/b\/bbgr3OLB_big.png\" alt=\"XAUUSD Still bearish unless this level breaks\" \/><\/a><\/div>\n<p>As you see, the price got indeed rejected on the 1D MA50 (blue trend-line on the current chart, red on the previous analysis), which is just below the top (Lower Highs trend-line) of the Channel Down. Naturally, the price is heavily bearish, trending towards the 1789 Support, i.e. the May 16 Low, as it broke below the 1D MA200 (orange trend-line). Still, there seems to be a strong medium-term Support around the 1D MA200. So best to do is trade upon confirmation, i.e. bearish continuation with a sell trade if the 1778 bottom of the 2021 Support Zone breaks (target the -0.236 Fibonacci extension as a Lower Low) and buy if the price closes above the 1D MA50, or even better above the 0.382 Fib (target progressively the higher Fibonacci levels).<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/rXHSU67T-XAUUSD-Still-bearish-unless-the-1D-MA50-breaks\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XAUUSD\/rXHSU67T-XAUUSD-Still-bearish-unless-the-1D-MA50-breaks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; A lot of volatility lately on Gold (XAUUSD) with the inflation data weighing on the technically bearish long-term pattern, which as we outlined last week was a Channel Down: As you see, the price got indeed rejected on the 1D MA50 (blue trend-line on the current chart, red on the previous analysis), which is<\/p>\n","protected":false},"author":611,"featured_media":12109,"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-12108","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\/12108","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=12108"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12108\/revisions"}],"predecessor-version":[{"id":12111,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12108\/revisions\/12111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12109"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}