{"id":57908,"date":"2011-03-28T19:41:24","date_gmt":"2011-03-28T08:41:24","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/03\/28\/wizard-says-sell-gold-now\/"},"modified":"2011-03-28T19:41:24","modified_gmt":"2011-03-28T08:41:24","slug":"wizard-says-sell-gold-now","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/03\/28\/wizard-says-sell-gold-now\/","title":{"rendered":"Wizard Says: Sell Gold&#8230; Now!"},"content":{"rendered":"<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\tThe TechWizard reports he&#039;s convinced the price of gold has reached a turning point as the price surged to a new all-time high, but the move was not confirmed on the MACD indicator. In technical lingo, such an event is called a &quot;bearish divergence&quot;, points out the Wizard.<\/p>\n<p>\n\tThis is where things get interesting&#8230; The Wizard has looked it up and the last two times when such a bearish divergence happened the price of gold experienced at least a US$70 sell-off after the event.<\/p>\n<p>\n\tThe Wizard suspects this time will follow the same script and thus we should see some stop losses getting taken out soon, he says.<\/p>\n<p>\n\tHis personal target is for gold to fall to US$1350-1300\/oz.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Wizard_warns_on_gold.jpg\" style=\"width: 680px;height: 362px\" \/><\/p>\n<p>\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the TechWizard&#039;s, not FNArena&#039;s (see our disclaimer).<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, <em>we <span>apologise<\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TechWizard suspects the price of gold is about to nosedive.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[22],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57908"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=57908"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57908\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=57908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=57908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=57908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}