{"id":59315,"date":"2011-12-15T11:47:05","date_gmt":"2011-12-15T00:47:05","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/12\/15\/is-gold-experiencing-a-meltdown\/"},"modified":"2011-12-15T11:47:05","modified_gmt":"2011-12-15T00:47:05","slug":"is-gold-experiencing-a-meltdown","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/12\/15\/is-gold-experiencing-a-meltdown\/","title":{"rendered":"Is Gold Experiencing A Meltdown?"},"content":{"rendered":"

\n\tBy Robert Clayton<\/p>\n

\n\tWhat can be identified here?<\/u><\/p>\n

\n\tHaving become established at US$676 per ounce, gold has maintained a bull trend since October 2008. In recent sessions technical signals have turned negative, raising the question of whether the bullish trend is about to reverse.<\/p>\n

\n\tWhat is the story so far?<\/u><\/p>\n

\n\tThe magnitude of the uptrend for gold since 2008 has been significant, given from a level below US$700 per ounce the metal recently recorded a high of US$1,920.56 per ounce.<\/p>\n

\n\tSince the recent high the market has witnessed an aggressive pullback, but AliomFX<\/span> suggests technically the risks remain on the downside. With oscillators slowly declining there appears little scope for a short-term recovery.<\/p>\n

\n\tThe market is currently focused on the three-year uptrend at US$1,550 per ounce. A close below this level would confirm a negative signal and likely prompt a significant down move in the view of AliomFX<\/span>. A measured target is US$1,200-$1,250 per ounce.<\/p>\n

\n\tAny fresh advances in gold from current levels would likely encounter supply towards the mid-US$1,700 per ounce region.<\/p>\n

\t\"\"<\/p>\n

\n\tRobert C. Clayton, Technical Analyst • For further information please contact AliomFX<\/span> 1300 885 686 or visit www.aliomfx.com.au<\/span> <\/a>• Chart source Meta Trader. Content included in this article is not by association necessarily the view of FNArena<\/span> (see our disclaimer).<\/em><\/p>\n

\n\t\"\"<\/em><\/p>\n

\n\tAliom<\/span> Pty Limited (ACN<\/span> 123 876 291 AFSL<\/span> 323182) does not warrant the accuracy, completeness or correctness of any information herein or the appropriateness of any transaction. E-mails are not encrypted and cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. This message is provided for informational purposes and should not be construed as a solicitation or offer to buy or sell any financial products.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Robert Clayton of AliomFX suggests technical signals imply a potential meltdown could be unfolding for gold.<\/p>\n","protected":false},"author":9,"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\/59315"}],"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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=59315"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59315\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}