{"id":59841,"date":"2012-04-24T10:00:39","date_gmt":"2012-04-24T00:00:39","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/04\/24\/gold-a-traders-nightmare-says-wiz\/"},"modified":"2012-04-24T10:00:39","modified_gmt":"2012-04-24T00:00:39","slug":"gold-a-traders-nightmare-says-wiz","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/04\/24\/gold-a-traders-nightmare-says-wiz\/","title":{"rendered":"Gold A Trader&#8217;s Nightmare, Says Wiz"},"content":{"rendered":"<p>\n\tAfter peaking last August above US$1900\/oz&nbsp;gold has become&nbsp;a &quot;trader&#039;s nightmare&quot;, the <span>TechWizard<\/span>&nbsp;suggests, appearing to break&nbsp;either up or down but not&nbsp;ultimately doing so.<\/p>\n<p>\n\tThe problem is that&nbsp;gold has been forming a large&nbsp;&quot;triangle&nbsp;correction pattern&quot;. Such patterns are notorious&nbsp;for&nbsp;being money-losers&nbsp;as technical traders buy or sell the respective&nbsp;<span>false<\/span> break-out.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/1_1_1_wiz.jpg\" style=\"width: 620px;height: 343px\" \/><\/p>\n<p>\n\tThe good news is the&nbsp;pattern is nearing a resolution&nbsp;as it&nbsp;approaches the apex of the triangle.&nbsp;Soon there will be a break-out&nbsp;which this time will not be <span>false<\/span>. That means we should soon know where gold is going, and as far as the Wizard is concerned&nbsp;that direction&nbsp;is up.<br \/>\n\t&nbsp;<\/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><span>apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n<p>\n\t<em>Find out why <span>FNArena<\/span> subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold has been forming a corrective triangle since its peak which the Wizard warns can catch out unwary traders.<\/p>\n","protected":false},"author":8,"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\/59841"}],"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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=59841"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59841\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}