{"id":12842,"date":"2022-11-21T11:54:06","date_gmt":"2022-11-21T11:54:06","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12842"},"modified":"2023-05-16T11:55:55","modified_gmt":"2023-05-16T11:55:55","slug":"xauusd-short-term-weakness-buy-lower-or-if-this-level-breaks","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/11\/21\/xauusd-short-term-weakness-buy-lower-or-if-this-level-breaks\/","title":{"rendered":"XAUUSD Short-term weakness. Buy lower or if this level breaks."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Gold (XAUUSD) broke below its 4H MA50 (red trend-line) on Friday for the first time since November 04, which was when the strong rally started on the Triple Bottom. Having failed to reach the 1D MA200 (orange trend-line), which is the long-term Resistance and difference maker between a long-term bullish and long-term bearish trend, this is most likely the start of a much needed technical pull-back.<\/p>\n<p>The Support levels are the 1D MA100 (green trend-line) and 1D MA50 (blue trend-line). If this repeats the October 04 &#8211; October 21 Bearish Leg, then it could reach 1670 but looks unlikely as this is below not only the 1D MA50 and the 0.618 Fibonacci retracement level (1681).<\/p>\n<p>Perhaps the best indicator to buy is when\/ if the 1D RSI hits its Higher Lows trend-line from the September 26 Low. If the pull-back is discontinued and the price rises instead, then we will buy the break-out above the 4H MA50. The target in both cases is the 1D MA200.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/6vnyixew-XAUUSD-Short-term-weakness-Buy-lower-or-if-this-level-breaks\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XAUUSD\/6vnyixew-XAUUSD-Short-term-weakness-Buy-lower-or-if-this-level-breaks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Gold (XAUUSD) broke below its 4H MA50 (red trend-line) on Friday for the first time since November 04, which was when the strong rally started on the Triple Bottom. Having failed to reach the 1D MA200 (orange trend-line), which is the long-term Resistance and difference maker between a long-term bullish and long-term bearish trend,<\/p>\n","protected":false},"author":611,"featured_media":12843,"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-12842","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\/12842","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=12842"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12842\/revisions"}],"predecessor-version":[{"id":12845,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12842\/revisions\/12845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12843"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}