{"id":15899,"date":"2010-11-26T08:59:23","date_gmt":"2010-11-26T13:59:23","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15899"},"modified":"2010-11-26T08:59:23","modified_gmt":"2010-11-26T13:59:23","slug":"gold-has-strong-support-at-1365-silver-remains-above-27-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/26\/gold-has-strong-support-at-1365-silver-remains-above-27-00\/","title":{"rendered":"Gold Has Strong Support at $1365, Silver Remains above $27.00"},"content":{"rendered":"<p><strong>By Natalie R.<\/strong> &#8211; <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/11\/26\/head-and-shoulders-reversal-for-gold\/\" target=\"_blank\">Gold<\/a> continued its decline in European trading today, dropping to $1365 an  ounce from an overnight price of $1372.\u00a0 The decline came as the dollar  strengthened further versus the euro, as the ERU\/USD pair reached a two  week low of 1.3260.<\/p>\n<p>The drop came as concerns intensified  that Ireland\u2019s debt problems will widen to Portugal and Spain. Though  Gold prices still receive support from the euro-zone debt crisis as  investors turn to the precious metal as an alternative investment, the  strong dollar reduces the appeal of the metal as it makes it more  expansive.<\/p>\n<p>It seems that Gold has a strong support at $1365 an ounce, as the  euro-zone debt concerns persist and the tension between North and South  Korea remain in the background. Trading returned to normal market  conditions today as U.S banks open after yesterday\u2019s holiday, however,  the lack of major news events will likely keep the markets subdued ahead  of the weekend. Gold will likely remain between $1365 and $1372 for the  remainder of the day.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/11\/26\/silver-trading-update\/\" target=\"_blank\">Silver<\/a> continues to follow Gold\u2019s trading pattern, also seeing a decline in  today\u2019s trading, albeit it still remained within its recent range.  Silver for immediate delivery declined to $27.25 an ounce, after briefly  dropping to a low of 27.02. Silver, however, is still up overall this  week. The price reached $29.36 an ounce on Nov. 9, the highest level  since 1980.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                            may         not       be                     suitable             for             all                                      investors.                        There             is     a                                                                    possibility                          that                                  you                     could                              sustain  a            loss                  of       all                of                your                                                            investment         and                                                  therefore        you                                        should            not                              invest                              money            that              you                                         cannot                          afford   to                                  lose.          You                                     should              be                     aware             of                          all                  the                risks                                                 associated                   with                        Foreign                                   Exchange                                       trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Natalie R. &#8211; Gold continued its decline in European trading today, dropping to $1365 an ounce from an overnight price of $1372.\u00a0 The decline came as the dollar strengthened further versus the euro, as the ERU\/USD pair reached a two week low of 1.3260. The drop came as concerns intensified that Ireland\u2019s debt problems &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/11\/26\/gold-has-strong-support-at-1365-silver-remains-above-27-00\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold Has Strong Support at $1365, Silver Remains above $27.00&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15899","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=15899"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15899\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}