{"id":18117,"date":"2015-04-15T08:52:37","date_gmt":"2015-04-15T15:52:37","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=18117"},"modified":"2015-04-21T16:32:49","modified_gmt":"2015-04-21T23:32:49","slug":"a-mark-bullion-update-25","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-25\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>Gold kicked off the overnight session with a bearish tone.\u00c2\u00a0 Worse than expected economic data out of China caused the Asian market to steadily offer gold down.\u00c2\u00a0 Gold continued its descent lower into London trading hours and broke below support at $1,192.\u00c2\u00a0 Stops were ultimately triggered in the low $1,190s and gold made it all the way down to $1,183.50 basis the active June contract.\u00c2\u00a0 This was a previous area of support at the end of March so bids were waiting to scoop up gold at this level.\u00c2\u00a0 Besides the technical support at $1,183.50, worse than anticipated retails sales figures in the US gave gold extra legs to regain ground that it had lost earlier in the trading session.\u00c2\u00a0 The USD weakened materially because of the poor US data and the euro is up over 1%.\u00c2\u00a0 Overall, gold is still trading without conviction and is range bound.\u00c2\u00a0 Traders will likely look to get short ahead of the 100 day moving average at $1,212 while the low $1,180s now have renewed strength as a support level since touching there earlier today.\u00c2\u00a0\u00c2\u00a0 Silver perfectly held psychological support at $16 earlier today and its short term target is the 50 day moving average of $16.50.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold kicked off the overnight session with a bearish tone.\u00c2\u00a0 Worse than expected economic data out of China caused the Asian […]<\/p>\n","protected":false},"author":6,"featured_media":17083,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[38,1422,1406],"class_list":["post-18117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-china","tag-gold-trading","tag-silver-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=18117"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18117\/revisions"}],"predecessor-version":[{"id":18118,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18117\/revisions\/18118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/17083"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=18117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}