{"id":15170,"date":"2015-05-18T11:18:13","date_gmt":"2015-05-18T11:18:13","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=15170"},"modified":"2015-05-18T11:18:13","modified_gmt":"2015-05-18T11:18:13","slug":"is-the-gold-price-channel-at-a-critical-melt-up-point","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=15170","title":{"rendered":"Is The Gold Price Channel At A Critical Melt-Up Point?"},"content":{"rendered":"<h1><strong>Gold Price Channel At Critical Melt-Up Point<\/strong><\/h1>\n<p><a href=\"https:\/\/stateofthenation2012.com\/wp-content\/uploads\/2015\/05\/pic8a2ebcf9f38a10df07ca0cfa3729eaaf.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-15172\" src=\"https:\/\/stateofthenation2012.com\/wp-content\/uploads\/2015\/05\/pic8a2ebcf9f38a10df07ca0cfa3729eaaf-1024x609.png\" alt=\"pic8a2ebcf9f38a10df07ca0cfa3729eaaf\" width=\"640\" height=\"381\" srcset=\"https:\/\/stateofthenation2012.com\/wp-content\/uploads\/2015\/05\/pic8a2ebcf9f38a10df07ca0cfa3729eaaf-1024x609.png 1024w, https:\/\/stateofthenation2012.com\/wp-content\/uploads\/2015\/05\/pic8a2ebcf9f38a10df07ca0cfa3729eaaf-300x179.png 300w, https:\/\/stateofthenation2012.com\/wp-content\/uploads\/2015\/05\/pic8a2ebcf9f38a10df07ca0cfa3729eaaf.png 1057w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p><span class=\"aqPopupWrapper\"><a id=\"5559c9695e133\" class=\"aqlink\" href=\"http:\/\/www.investing.com\/commodities\/gold\" data-pairid=\"8830\">Gold<\/a><\/span> has confirmed a new price channel (pink on chart) at VWAP of a megaphone (bright blue) that it has been forming since late last year.<!--more--><\/p>\n<p>The new price channel is at the top of a bottoming megaphone (silver on chart), which is legal for a breakout upwards.<\/p>\n<p>Gold has already pierced the top of its new price channel and put in a partial retrace within the channel. A breakout from here into a steeper channel would suggest a melt-up to the blue megaphone top. (The existing top would likely be redrawn roughly as shown on chart.)<\/p>\n<p>If gold continues retracing into its price channel all the way to the price channel bottom, it suggests that gold will be forming a megaphone across the blue megaphone VWAP before deciding what to do. It would cancel the immediate melt-up scenario.<\/p>\n<p><em>Disclaimer<\/em><\/p>\n<p><em>Trading is an exceptionally risky endeavor that can result in losses, even total loss of capital. There is no way to cover in a blog every angle that should be considered before any trading decision. Please read this important message: Disclaimer.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold Price Channel At Critical Melt-Up Point Gold has confirmed a new price channel (pink on chart) at VWAP of a megaphone (bright blue) that it has been forming since late last year.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15170","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/15170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15170"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/15170\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}