{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gold-long-or-short\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gold-long-or-short\/","headline":"Gold Long or Short?","name":"Gold Long or Short?","description":"Gold plunged from the 1903.93 today\u2019s high and now is traded at 1893.49 level. DXY\u2019s temporary rebound forced the rate to decline in the short term. Unfortunately, the US Trade Balance data pushed the yellow metal down. The price of gold is still bullish despite today\u2019s drop. It could jump higher if the US data […]","datePublished":"2021-06-09","dateModified":"2021-06-09","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\/06\/gold.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/06\/gold.png","height":887,"width":1828},"url":"https:\/\/forexschoolonline.com\/gold-long-or-short\/","about":["GOLD"],"wordCount":180,"keywords":["gold","Trade idea","Trade Setup","xauusd"],"articleBody":"Gold plunged from the 1903.93 today\u2019s high and now is traded at 1893.49 level. DXY\u2019s temporary rebound forced the rate to decline in the short term. Unfortunately, the US Trade Balance data pushed the yellow metal down.The price of gold is still bullish despite today\u2019s drop. It could jump higher if the US data is disappointing these days. Technically, XAU\/USD has shown some overbought signals, but it\u2019s still premature to go short.Technical Analysis!XAU\/USD failed to stabilize above the 1900 psychological level signaling some pressure in the short term. Now it is trapped below the 1903.93 and 1883.78 levels. It could move sideways between these levels before really deciding direction.Coming back above the 1,900 and registering a new higher high could announce a potential growth towards fresh new highs. On the other hand, a new lower low, a drop below 1883.78 could confirm a deeper decline. 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."}