{"id":61843,"date":"2013-05-16T14:10:48","date_gmt":"2013-05-16T04:10:48","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/05\/16\/gold-back-below-1400-1367-is-next\/"},"modified":"2013-05-16T14:10:48","modified_gmt":"2013-05-16T04:10:48","slug":"gold-back-below-1400-1367-is-next","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/05\/16\/gold-back-below-1400-1367-is-next\/","title":{"rendered":"Gold Back Below 1400; 1367 Is Next"},"content":{"rendered":"<p>\n\tBy Jamie <span>Saettele<\/span>, <span>CMT<\/span>, Sr. Technical Strategist<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/FXCM_Gold_weaker_May2013.jpg\" style=\"width: 671px;height: 446px\" \/><\/p>\n<p>\n\tCommodity Analysis: No change &ndash; &ldquo;After nearly retracing the entire 4\/15 decline, gold reversed at the downward sloping line that connects the record high and February 2012 high (2\/29\/12 was a $105 down day high to low). That line provided support in late August 2012 (8\/31\/12 was $47 up day high to low) as well. If gold is headed lower over the next few weeks then it needs to stay below this line. Strength above would shift focus to the December 2011 low at 1522.&rdquo;<\/p>\n<p>\n\tCommodity Trading Strategy: Stop 1490. I won&rsquo;t want to be short on a break above the range.<\/p>\n<p>\n\tLEVELS: 1307 1322 1367 1420 1439 1470<\/p>\n<p>\n\tReprinted with permission of the publisher. The above story can be read on the website www.dailyfx.com. The direct link is: <a href=\"http:\/\/www.dailyfx.com\/forex\/technical\/elliott_wave\/gold\/2013\/05\/15\/eliottWaves_gold.html\">http:\/\/www.dailyfx.com\/<span>forex<\/span>\/technical\/<span>elliott_wave<\/span>\/gold\/2013\/05\/15\/eliottWaves_gold.html <\/a><\/p>\n<p>\n\tThe views expressed are not by association <span>FNArena&#039;s<\/span> (see our disclaimer).<\/p>\n<p>\n\tFor real time news and analysis, please visit http:\/\/www.dailyfx.com\/real_time_news<\/p>\n<p>\n\tDailyFX provides <span>forex<\/span> news on the economic reports and political events that influence the currency market. Learn currency trading with a free practice account and charts from FXCM.<\/p>\n<p>\n\twww.dailyfx.com<\/p>\n<p>\n\t<em><strong>Disclaimer<\/strong><\/em><\/p>\n<p>\n\t<em><u>Forex Capital Markets is headquartered at Financial Square 32 Old Slip, 10th Floor, New York, NY 10005 USA.<\/u><\/em><\/p>\n<p>\n\t<em>Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before you decide to trade the foreign exchange products offered by Forex Capital Markets, LLC, Forex Capital Markets Limited, inclusive of all EU branches, FXCM Asia Limited, or FXCM Australia Limited, any affiliates of aforementioned firms, or other firms under the FXCM group of companies [collectively Your Feedback (Thank You)&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FXCM Market analyst Jamie Saettele sees more weakness for gold.<\/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\/61843"}],"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=61843"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61843\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=61843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=61843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=61843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}