{"id":420784,"date":"2020-04-14T17:30:23","date_gmt":"2020-04-14T17:30:23","guid":{"rendered":"https:\/\/uniquehot.com\/?p=420784"},"modified":"2020-04-14T14:43:18","modified_gmt":"2020-04-14T14:43:18","slug":"gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/","title":{"rendered":"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank"},"content":{"rendered":"<p><a href=\"\/tag\/gold\" rel=\"nofollow\">Gold<\/a>&#8216;s growth continues to sustain, reaching new highs this week not traded since the last economic recession.<\/p>\n<p>The rally also is showing very few signs it will slow down any time soon, and one particular indicator confirms there is &#8220;more fuel in the tank,&#8221; according to an analyst.<\/p>\n<h2>Gold Prices Soar to Over $1,730, Setting New Local High<\/h2>\n<p>Precious metals are rising once again in the face of a looming economic disaster due to the enormous impact left behind by the coronavirus.<\/p>\n<p><a href=\"\/tag\/gold\" rel=\"nofollow\">Gold<\/a> is shining the brightest of the bunch, this week tapping a <a href=\"https:\/\/uniquehot.com\/2020\/04\/10\/gold-records-strongest-weekly-close-since-recession-recovery-in-2013\/\">new local high price<\/a> that hasn&#8217;t been traded since the Great Recession.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2020\/04\/10\/gold-records-strongest-weekly-close-since-recession-recovery-in-2013\/\">Gold Records Strongest Weekly Close Since Recession Recovery in 2013\u00a0<\/a><\/strong><\/em><\/p>\n<p>Following a brief, but powerful bear trap and selloff during peak coronavirus chaos, gold prices plummeted to $1,450, but already have quickly rebounded to over $1,730 at the time of this writing.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-420787\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/Screenshot-2020-04-14-08.36.20.png?resize=860%2C372\" alt=\"gold xauusd price chart\" width=\"860\" height=\"372\"><\/p>\n<p>According to one industry analyst, although gold&#8217;s recent &#8220;run looks extended,&#8221; there&#8217;s &#8220;a lot more fuel in the tank.&#8221;<\/p>\n<p>With recession only just getting underway and so much economic uncertainty due to the coronavirus, combined with an extremely strained supply, gold prices are almost certain to soar in the coming weeks.<\/p>\n<p>Even <a href=\"https:\/\/uniquehot.com\/2020\/04\/13\/why-ubs-analysts-expect-a-strong-gold-reversal-despite-recent-7-upsurge\/\">UBS analysts<\/a> aren&#8217;t expecting a strong reversal in the precious metal until the back half of 2020, when Federal stimulus packages begin to gain traction.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$GOLD<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24XAUUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$XAUUSD<\/a> New high, RSI sloping up, DMI jaws opening. <\/p>\n<p>Run looks extended from 19 March but there&#39;s a lot more fuel in the tank technically before this consolidates. <a href=\"https:\/\/t.co\/romYyb7KNy\" rel=\"nofollow\">pic.twitter.com\/romYyb7KNy<\/a><\/p>\n<p>&mdash; Kewpie (@0xKewpie) <a href=\"https:\/\/twitter.com\/0xKewpie\/status\/06473223?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 14, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Directional Movement Index Suggests Rally Has More Fuel in the Tank<\/h2>\n<p>The analyst&#8217;s theory is based on the Relative Strength Index &#8220;sloping up,&#8221; and the Directional Movement Index, or DMI &#8220;jaws&#8221; opening.<\/p>\n<p>The <a href=\"https:\/\/www.investopedia.com\/terms\/d\/dmi.asp\" target=\"_blank\" rel=\"noopener nofollow\">Directional Movement Index<\/a> is a trend measuring indicator created by J. Welles Wilder and is involved in calculating another indicator, the Average Directional Index.<\/p>\n<p>When the two directional movement lines or &#8220;jaws&#8221; begin to diverge, it suggests the trend is strengthening and as the analyst says, it means there is plenty of fuel in the tank to push even higher in the coming days.<\/p>\n<p>The DMI isn&#8217;t the only tool that features diverging lines referred to as jaws. The Williams Alligator also behaves in this manner, with the tool&#8217;s creator comparing the indicator to an animal eating when prices are trending, then closing its jaws when the trend has ended, and the animal is satiated.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2020\/04\/13\/why-ubs-analysts-expect-a-strong-gold-reversal-despite-recent-7-upsurge\/\">Why UBS Analysts Expect a Strong Gold Reversal Despite Recent 7% Upsurge<\/a><\/strong><\/em><\/p>\n<p><a href=\"\/tag\/gold\" rel=\"nofollow\">Gold<\/a> faces strong resistance at $1,750 dating back nearly a decade to the last recession. A break above that level could set gold on track for another push above $1,800 and toward a retest of the previous all-time high.<\/p>\n<p>A new all-time high could send gold prices to as high as $2,000 <a href=\"https:\/\/www.marketwatch.com\/story\/gold-may-soon-soar-to-a-record-2000-because-we-borrowed-from-the-future-and-there-is-not-enough-economy-to-pay-it-down-2020-04-10\" target=\"_blank\" rel=\"noopener nofollow\">according to some analysts<\/a>, however, that would certainly require a substantial amount of fuel to get there. However, panic over the coming recession and the hyperinflation of the dollar due to Federal easing could provide the needed boost.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold&#8216;s growth continues to sustain, reaching new highs this week not traded since the last economic recession. The rally also is showing very few signs it will slow down any time soon, and one particular indicator confirms there is &#8220;more fuel in the tank,&#8221; according to an analyst. Gold Prices Soar to Over $1,730, Setting New Local High Precious metals are rising once again in the face of a looming economic disaster due to the enormous impact left behind by the coronavirus. Gold is shining the brightest of the bunch, this week tapping a new local high price that hasn&#8217;t been traded since the Great Recession. Related Reading | Gold Records Strongest Weekly Close Since Recession Recovery in 2013\u00a0 Following a brief, but powerful bear trap and selloff during peak coronavirus chaos, gold prices plummeted to $1,450, but already have quickly rebounded to over $1,730 at the time of this writing. According to one industry analyst, although gold&#8217;s recent &#8220;run looks extended,&#8221; there&#8217;s &#8220;a lot more fuel in the tank.&#8221; With recession only just getting underway and so much economic uncertainty due to the coronavirus, combined with an extremely strained supply, gold prices are almost certain to soar in the coming weeks. Even UBS analysts aren&#8217;t expecting a strong reversal in the precious metal until the back half of 2020, when Federal stimulus packages begin to gain traction. $GOLD $XAUUSD New high, RSI sloping up, DMI jaws opening. Run looks extended from 19 March but there&#39;s a lot more fuel in the tank technically before this consolidates. pic.twitter.com\/romYyb7KNy &mdash; Kewpie (@0xKewpie) April 14, 2020 Directional Movement Index Suggests Rally Has More Fuel in the Tank The analyst&#8217;s theory is based on the Relative Strength Index &#8220;sloping up,&#8221; and the Directional Movement Index, or DMI &#8220;jaws&#8221; opening. The Directional Movement Index is a trend measuring indicator created by J. Welles Wilder and is involved in calculating another indicator, the Average Directional Index. When the two directional movement lines or &#8220;jaws&#8221; begin to diverge, it suggests the trend is strengthening and as the analyst says, it means there is plenty of fuel in the tank to push even higher in the coming days. The DMI isn&#8217;t the only tool that features diverging lines referred to as jaws. The Williams Alligator also behaves in this manner, with the tool&#8217;s creator comparing the indicator to an animal eating when prices are trending, then closing its jaws when the trend has ended, and the animal is satiated. Related Reading | Why UBS Analysts Expect a Strong Gold Reversal Despite Recent 7% Upsurge Gold faces strong resistance at $1,750 dating back nearly a decade to the last recession. A break above that level could set gold on track for another push above $1,800 and toward a retest of the previous all-time high. A new all-time high could send gold prices to as high as $2,000 according to some analysts, however, that would certainly require a substantial amount of fuel to get there. However, panic over the coming recession and the hyperinflation of the dollar due to Federal easing could provide the needed boost.<\/p>\n","protected":false},"author":517,"featured_media":420786,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[2209,5845,7920,74877],"class_list":["post-420784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-gold","tag-precious-metals","tag-recession","tag-xauusd"],"acf":[],"yoast_head":"\n<title>Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank<\/title>\n<meta name=\"description\" content=\"Gold&#039;s growth continues to sustain, reaching new highs this week not traded since the last economic recession. The rally also is showing very few signs it\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank\" \/>\n<meta property=\"og:description\" content=\"Gold&#039;s growth continues to sustain, reaching new highs this week not traded since the last economic recession. The rally also is showing very few signs it\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-14T17:30:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-14T14:43:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"851\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;The Bull&quot; Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony &quot;The Bull&quot; Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/\"},\"author\":{\"name\":\"Tony \\\"The Bull\\\" Severino\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank\",\"datePublished\":\"2020-04-14T17:30:23+00:00\",\"dateModified\":\"2020-04-14T14:43:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/\"},\"wordCount\":497,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg?fit=1280%2C851\",\"keywords\":[\"gold\",\"Precious Metals\",\"recession\",\"xauusd\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/\",\"url\":\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/\",\"name\":\"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg?fit=1280%2C851\",\"datePublished\":\"2020-04-14T17:30:23+00:00\",\"dateModified\":\"2020-04-14T14:43:18+00:00\",\"description\":\"Gold's growth continues to sustain, reaching new highs this week not traded since the last economic recession. The rally also is showing very few signs it\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg?fit=1280%2C851\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg?fit=1280%2C851\",\"width\":1280,\"height\":851,\"caption\":\"gold fuel pump rally\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"The Bull\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"The Bull\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/uniquehot.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank","description":"Gold's growth continues to sustain, reaching new highs this week not traded since the last economic recession. The rally also is showing very few signs it","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/","og_locale":"en_US","og_type":"article","og_title":"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank","og_description":"Gold's growth continues to sustain, reaching new highs this week not traded since the last economic recession. The rally also is showing very few signs it","og_url":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-04-14T17:30:23+00:00","article_modified_time":"2020-04-14T14:43:18+00:00","og_image":[{"width":1280,"height":851,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg","type":"image\/jpeg"}],"author":"Tony \"The Bull\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"The Bull\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/"},"author":{"name":"Tony \"The Bull\" Severino","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank","datePublished":"2020-04-14T17:30:23+00:00","dateModified":"2020-04-14T14:43:18+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/"},"wordCount":497,"commentCount":0,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg?fit=1280%2C851","keywords":["gold","Precious Metals","recession","xauusd"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/","url":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/","name":"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg?fit=1280%2C851","datePublished":"2020-04-14T17:30:23+00:00","dateModified":"2020-04-14T14:43:18+00:00","description":"Gold's growth continues to sustain, reaching new highs this week not traded since the last economic recession. The rally also is showing very few signs it","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg?fit=1280%2C851","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg?fit=1280%2C851","width":1280,"height":851,"caption":"gold fuel pump rally"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"The Bull\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"The Bull\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank","url":"http:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg?fit=1280%2C851"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"The Bull\" Severino"}],"creator":["Tony \"The Bull\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["gold","precious metals","recession","xauusd"],"dateCreated":"2020-04-14T17:30:23Z","datePublished":"2020-04-14T17:30:23Z","dateModified":"2020-04-14T17:30:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Gold Taps New High, Indicators Show Rally Has More Fuel in the Tank\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/gold-taps-new-high-indicators-show-rally-has-more-fuel-in-the-tank\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/gold-fuel-1596622_1280.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/gold-fuel-1596622_1280.jpg?fit=1280%2C851\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"The Bull\\\" Severino\"}],\"creator\":[\"Tony \\\"The Bull\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"gold\",\"precious metals\",\"recession\",\"xauusd\"],\"dateCreated\":\"2020-04-14T17:30:23Z\",\"datePublished\":\"2020-04-14T17:30:23Z\",\"dateModified\":\"2020-04-14T17:30:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/gold-fuel-1596622_1280.jpg?fit=1280%2C851","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/420784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=420784"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/420784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/420786"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=420784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=420784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=420784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}