{"id":50455,"date":"2020-01-06T12:19:37","date_gmt":"2020-01-06T17:19:37","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50455"},"modified":"2020-01-06T12:19:39","modified_gmt":"2020-01-06T17:19:39","slug":"gold-just-broke-through-a-key-level","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50455","title":{"rendered":"Gold Just Broke Through A Key Level"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/gold-just-broke-through-a-key-level\/\">Gold Just Broke Through A Key Level<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For the first time in more than six years, gold broke through a key level.&nbsp; Gold surged on Friday due to the geopolitical tensions stemming from the Middle East after the U.S. took out Iran\u2019s top military leader.&nbsp; During early trading in the early Asian markets, the gold price continued even higher, reaching $1,579.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This morning, gold is trading at the $1,575 level.&nbsp; It will be interesting to see if gold closes at the end of the day near its high or a low.&nbsp;<strong>The key resistance level is $1,550, which gold surpassed by $25<\/strong>.&nbsp; Here is gold\u2019s monthly chart below (each candlestick represents one month of trading).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/d39ua1j16brbz0.cloudfront.net\/wp-content\/uploads\/2020\/01\/Gold-Monthly-Price-Jan03-2020.png\" alt=\"\" class=\"wp-image-21225\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">If you look at the \u201cLarger View\u201d insert, I have superimposed the candlestick breaking through the Key level.&nbsp; Unfortunately, Stockcharts.com does not provide a live chart for the metals or commodities.&nbsp; We have to wait until the close of trading to see the new candlestick price level.&nbsp; I find this quite odd because they recently added \u201cLive\u201d Crypto Trading charts for Bitcoin and several others.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Regardless, the Gold price finally broke through this level, and for it to remain in a bullish trend in the monthly chart below, it will have to close above the $1,550 (actually $1,560) level by the end of January.<\/strong>&nbsp;If we look at the next chart, the gold price surpassed the high of $1,566 in September:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/d39ua1j16brbz0.cloudfront.net\/wp-content\/uploads\/2020\/01\/Gold-Monthly-Price-Jan03-2020-Highest-Level-Apr-2013.png\" alt=\"\" class=\"wp-image-21227\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">According to Kitco.com, as of 9:43 am EST, the gold price reached a high of $1,577 and is currently trading at $1,573.\u00a0 And, if we look at the weekly gold chart, we can clearly see gold breaking through the $1,550 level:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold Just Broke Through A Key Level For the first time in more than six years, gold broke through a key level.&nbsp; Gold surged on Friday due to the geopolitical tensions stemming from the Middle East after the U.S. took out Iran\u2019s top military leader.&nbsp; During early trading in the early Asian markets, the gold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","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":[2],"tags":[374,522,647],"class_list":["post-50455","post","type-post","status-publish","format-standard","hentry","category-economics","tag-gold","tag-middle-east","tag-precious-metals"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50455"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50455\/revisions"}],"predecessor-version":[{"id":50456,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50455\/revisions\/50456"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}