{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gold-upside-scenario-remains-intact\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gold-upside-scenario-remains-intact\/","headline":"Gold Upside Scenario Remains Intact!","name":"Gold Upside Scenario Remains Intact!","description":"XAU\/USD has registered a sharp movement after the US inflation data release. It has decreased a little but now is trading in the green at 1,814.08 below 1,817.26 today\u2019s high. It has decreased as much as 1,798.67 today where it has found strong demand. The US CPI and Core CPI have reported better than expected […]","datePublished":"2021-07-14","dateModified":"2021-07-14","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.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/gold.png","height":887,"width":1828},"url":"https:\/\/forexschoolonline.com\/gold-upside-scenario-remains-intact\/","about":["GOLD"],"wordCount":193,"keywords":["gold","Technical Analysis","Trade idea"],"articleBody":"XAU\/USD has registered a sharp movement after the US inflation data release. It has decreased a little but now is trading in the green at 1,814.08 below 1,817.26 today\u2019s high. It has decreased as much as 1,798.67 today where it has found strong demand.The US CPI and Core CPI have reported better than expected data, both indicators increasing by 0.9% versus 0.5% and 0.4% expected. The DXY has rallied, that\u2019s why the price of gold has decreased a little. The index has slipped lower, so the price of gold takes advantage of this situation.Technical AnalysisGold has managed to stay above the ascending pitchfork\u2019s median line (ML) which means that the bias is still bullish. It\u2019s trapped within a minor range, making an upside breakout from this pattern confirms upside continuation.Jumping and closing above 1,818.54 high could really activate further growth in the upcoming period. Also, closing this candle around the current levels, a bullish engulfing, could attract more buyers. 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."}