{"id":22740,"date":"2017-04-13T13:55:38","date_gmt":"2017-04-13T20:55:38","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=22740"},"modified":"2017-04-18T16:52:29","modified_gmt":"2017-04-18T23:52:29","slug":"mark-bullion-update-12","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/mark-bullion-update-12\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"\"<\/a>Various headlines concerning geopolitical uncertainties have resulted in volatile price action for gold since Thursday of last week.\u00c2\u00a0 The US\u00e2\u20ac\u2122 surprise attack on a Syrian airbase last Thursday night gave gold immediate legs and allowed it to make 6 months highs.\u00c2\u00a0 In response to the use of chemical weapons on civilians, US President Trump authorized a military strike which destroyed a fifth of Syrian President Assad\u00e2\u20ac\u2122s working warplanes.\u00c2\u00a0 The day following the strike, gold lost all of its gains as the White House elaborated that the US wouldn\u00e2\u20ac\u2122t be sending in ground troops nor would it be drawn into a prolonged military conflict.<\/p>\n

Gold finished out last week having failed, yet again, at its 200 day moving average and the yellow metal appeared vulnerable to further losses.\u00c2\u00a0 Escalating tensions with North Korea and a tweet from Trump quickly reversed that sentiment though.\u00c2\u00a0 In a show of US force, Trump sent a Navy carrier strike group into the waters off the Korean Peninsula and then tweeted, \u00e2\u20ac\u0153North Korea is looking for trouble.\u00c2\u00a0 If China decides to help, that would be great.\u00c2\u00a0 If not, we will solve the problem without them! U.S.A.\u00e2\u20ac\u009d\u00c2\u00a0 Gold raced higher and closed above its 200 day moving average today for the first time since November of last year.\u00c2\u00a0 While the yellow metal just made an important technical close, physical demand is still weak and there are some big levels looming overhead.\u00c2\u00a0 Dating back to the high in 2011 of $1,920, there is an eight point down trendline that is currently coming in at $1,290.\u00c2\u00a0 This and the psychological figure of $1,300 should be fairly well protected with offers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Various headlines concerning geopolitical uncertainties have resulted in volatile price action for gold since Thursday of last week.\u00c2\u00a0 The US\u00e2\u20ac\u2122 surprise […]<\/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":[1421,1422],"class_list":["post-22740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-prices","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22740","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=22740"}],"version-history":[{"count":3,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22740\/revisions"}],"predecessor-version":[{"id":22743,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22740\/revisions\/22743"}],"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=22740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=22740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=22740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}