{"id":13423,"date":"2023-05-25T14:26:13","date_gmt":"2023-05-25T12:26:13","guid":{"rendered":"https:\/\/investmentbell.com\/?p=13423"},"modified":"2023-05-25T14:27:14","modified_gmt":"2023-05-25T12:27:14","slug":"gold-more-short-term-pain-before-long-term-gains","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/hy\/analysis\/commodities\/gold-more-short-term-pain-before-long-term-gains\/","title":{"rendered":"Gold: More Short-Term Pain Before Long-Term Gains"},"content":{"rendered":"<p>Jordan Roy-Byrne, Founder and Editor of The Daily Gold, reviews some of the technical support levels he is watching for in&nbsp;<span class=\"aqPopupWrapper js-hover-me-wrapper\"><a id=\"646f52039919a\" class=\"aqlink js-hover-me\" href=\"https:\/\/www.investing.com\/commodities\/gold\" data-pairid=\"8830\" target=\"_blank\" rel=\"noopener\">gold<\/a><\/span>,&nbsp;<span class=\"aqPopupWrapper js-hover-me-wrapper\"><a id=\"646f520399370\" class=\"aqlink js-hover-me\" href=\"https:\/\/www.investing.com\/commodities\/silver\" data-pairid=\"8836\" target=\"_blank\" rel=\"noopener\">silver<\/a><\/span>, and precious metal mining stocks, as the sector continues to correct. Now that the $1980 support gave way in gold, he is looking to the 150-day moving average, as well as the 20-month and 40-month moving averages as key support levels in gold.<\/p>\n<p>As mentioned last week, the picture in silver and in the GDX (NYSE:<span class=\"aqPopupWrapper js-hover-me-wrapper\"><a id=\"646f5203993e7\" class=\"aqlink js-hover-me\" href=\"https:\/\/www.investing.com\/etfs\/market-vectors-gold-miners\" data-pairid=\"40681\" target=\"_blank\" rel=\"noopener\">GDX<\/a><\/span>) are a bit more concerning, but he notes that the 200-day moving average in both is now sloping upwards and thus could offer a good support level to watch on both charts.<\/p>\n<p>&nbsp;<\/p>\n<div style=\"width: 640px;\" class=\"wp-video\"><!--[if lt IE 9]><script>document.createElement('video');<\/script><![endif]-->\n<video class=\"wp-video-shortcode\" id=\"video-13423-1\" width=\"640\" height=\"360\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/investmentbell.com\/wp-content\/uploads\/2023\/05\/videoplayback-3.mp4?_=1\" \/><a href=\"https:\/\/investmentbell.com\/wp-content\/uploads\/2023\/05\/videoplayback-3.mp4\">https:\/\/investmentbell.com\/wp-content\/uploads\/2023\/05\/videoplayback-3.mp4<\/a><\/video><\/div>\n<div class=\"rate-now\"><span id=\"rate-mypost13423\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost13423').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>Jordan Roy-Byrne, Founder and Editor of The Daily Gold, reviews some of the technical support levels he is watching for in&nbsp;gold,&nbsp;silver, and precious metal mining stocks, as the sector continues to correct. Now that the $1980 support gave way in gold, he is looking to the 150-day moving average, as well as the 20-month and [&hellip;]<\/p>","protected":false},"author":124,"featured_media":13424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-13423","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commodities"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/posts\/13423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/users\/124"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/comments?post=13423"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/posts\/13423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/media\/13424"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/media?parent=13423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/categories?post=13423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/tags?post=13423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}