{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gold-in-a-strong-support-zone\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gold-in-a-strong-support-zone\/","headline":"Gold In A Strong Support Zone!","name":"Gold In A Strong Support Zone!","description":"Gold price is traded at 1,799 level above 1,793.69 today\u2019s low. The yellow metal stands above a major demand zone, so an upside movement is possible. Technically, we need confirmation before considering going long on XAU\/USD. The price of Gold could increase if the Dollar Index resumes its sell-off. Gold is in a support area, […]","datePublished":"2021-07-28","dateModified":"2021-07-28","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/gold-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/gold-1.png","height":887,"width":1828},"url":"https:\/\/forexschoolonline.com\/gold-in-a-strong-support-zone\/","about":["GOLD"],"wordCount":178,"keywords":["Commodities","gold","Technical Analysis","Trade idea","Trade Setup"],"articleBody":"Gold price is traded at 1,799 level above 1,793.69 today\u2019s low. The yellow metal stands above a major demand zone, so an upside movement is possible. Technically, we need confirmation before considering going long on XAU\/USD.The price of Gold could increase if the Dollar Index resumes its sell-off. Gold is in a support area, so we could try to identify long opportunities.XAU\/USD Technical Analysis!Gold tries to come back above the ascending pitchfork\u2019s lower median line (lml). The 1,797 static support continues to hold, so the price could turn to the upside. It\u2019s traded below the weekly pivot point (1,805.62).XAU\/USD is trapped within a triangle pattern. Making an upside breakout from this formation could really signal an upside movement.The bias is still bullish as long as it stays within the ascending pitchfork\u2019s body, above the lower median line (lml). Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}