{"id":20152,"date":"2016-03-24T15:22:36","date_gmt":"2016-03-24T22:22:36","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=20152"},"modified":"2016-03-29T14:01:05","modified_gmt":"2016-03-29T21:01:05","slug":"a-mark-bullion-update-94","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-94\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17084 alignright\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg\" alt=\"A-Mark-Precious-Metals-Inc\" width=\"206\" height=\"71\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg 206w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc-60x20.jpg 60w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc-135x46.jpg 135w\" sizes=\"auto, (max-width: 206px) 100vw, 206px\" \/><\/a>Gold\u00e2\u20ac\u2122s run up on Tuesday following the Belgian terrorist attacks was short-lived.\u00c2\u00a0 Safe haven bids vanished as Tuesday\u00e2\u20ac\u2122s trading session moved later into the US time zones with gold retreating into the mid-$1,240s to close the day.\u00c2\u00a0 The markets have acclimatized to these types of terrorist incidents and with each passing one, it appears that the longevity of gold\u00e2\u20ac\u2122s immediate upwards reaction becomes increasingly brief.\u00c2\u00a0 The USD has five days of consecutive gains against the euro which has contributed to the selling pressure on gold.\u00c2\u00a0 Once gold broke through double bottom support at $1,240 in Wednesday\u00e2\u20ac\u2122s overnight session, stops were quickly triggered that ultimately resulted in a low on the day of $1,215.\u00c2\u00a0 The momentum in gold has shifted south and near term support is coming in at the 50 day moving average of $1,197.\u00c2\u00a0\u00c2\u00a0 After failing at $16 three times in the past week, silver plunged lower by 4% yesterday.\u00c2\u00a0 Like with gold, the next area of support is at the 50 day moving average of $15.03.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold\u00e2\u20ac\u2122s run up on Tuesday following the Belgian terrorist attacks was short-lived.\u00c2\u00a0 Safe haven bids vanished as Tuesday\u00e2\u20ac\u2122s trading session moved [&hellip;]<\/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":[1422,124,1406],"class_list":["post-20152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-trading","tag-us-dollar","tag-silver-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20152","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=20152"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20152\/revisions"}],"predecessor-version":[{"id":20154,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20152\/revisions\/20154"}],"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=20152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=20152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=20152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}