{"id":103691,"date":"2020-08-25T08:21:13","date_gmt":"2020-08-25T07:21:13","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103691"},"modified":"2020-08-25T08:23:55","modified_gmt":"2020-08-25T07:23:55","slug":"104006-gold-bears-making-a-comeback","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104006-gold-bears-making-a-comeback\/","title":{"rendered":"Gold-Bears Making a Comeback?"},"content":{"rendered":"<ul>\n<li>Buyers cautious after the pullback from the all-time high recently<\/li>\n<li>Gold prices are range-bound in August.<\/li>\n<\/ul>\n<p>Gold price is now near a critical support area of 1920-1941 dollars; the prices fell immediately after touching a fresh all-time high at the start of August. The prices had formed a bearish engulfing pattern near the all-time high, and sellers have gained control of the price action since then.<\/p>\n<p>The pattern indicated a strong pullback possibility as an overbought trend was in play. Then, the gold prices fell by around ten Percent in a week and looked like a dramatic move. But, the sell-off soon abated, and buyers came in around trendline support.<\/p>\n<p>The price action, as mentioned earlier, is finding support near 1920-1941 dollars, and 1987-2009 dollars are acting as the resistance.<\/p>\n<p>Whether Gold bulls will wait further for a deeper retracement or act now is the moot question as we are probably in an over-bought (or over-sold?) price level.<\/p>\n<p>But, as we were in an aggressively bullish prior trend, whether it would resume or not could be determined by the headlines. This week Jackson Hole Economic Symposium conducted virtually has a good presence of &#8216;who is who&#8217; in Global Central Banking.<\/p>\n<p>This event will help set the course of gold prices in the days ahead, with a move above 2009 dollars bringing back the bulls in hordes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buyers cautious after the pullback from the all-time high recently Gold prices are range-bound in August. Gold price is now near a critical support area of 1920-1941 dollars; the prices fell immediately after touching a fresh all-time high at the start of August. The prices had formed a bearish engulfing pattern near the all-time high, [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5503,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[2044,1451],"class_list":{"0":"post-103691","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usd","8":"tag-gold","9":"tag-jackson-hole"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold-Bears Making a Comeback? - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104006-gold-bears-making-a-comeback\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104006-gold-bears-making-a-comeback\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104006-gold-bears-making-a-comeback\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"Gold-Bears Making a Comeback?\",\"datePublished\":\"2020-08-25T07:21:13+00:00\",\"dateModified\":\"2020-08-25T07:23:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104006-gold-bears-making-a-comeback\\\/\"},\"wordCount\":229,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104006-gold-bears-making-a-comeback\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100591-gbp-usd-pound-sinks-may-hangs-on.jpg\",\"keywords\":[\"gold\",\"jackson hole\"],\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104006-gold-bears-making-a-comeback\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104006-gold-bears-making-a-comeback\\\/\",\"name\":\"Gold-Bears Making a Comeback? 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