{"id":19883,"date":"2011-03-02T07:29:08","date_gmt":"2011-03-02T12:29:08","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19883"},"modified":"2011-03-02T07:29:08","modified_gmt":"2011-03-02T12:29:08","slug":"gold-cooling-off-this-morning-after-yesterdays-surge","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/02\/gold-cooling-off-this-morning-after-yesterdays-surge\/","title":{"rendered":"Gold: Cooling off this morning after yesterday\u2019s surge"},"content":{"rendered":"<div>\n<div id=\"attachment_1219\">\n<p><a href=\"http:\/\/forexnews.gcitrading.com\/wp-content\/uploads\/2011\/03\/Gold1.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"Gold\" src=\"http:\/\/forexnews.gcitrading.com\/wp-content\/uploads\/2011\/03\/Gold1-1024x706.jpg\" alt=\"Gold\" width=\"590\" height=\"441\" \/><\/a>Gold Movement<\/p>\n<\/div>\n<p>Gold prices traded higher by 1.43% against the USD in the 24 hour period ending 23:00GMT, at 1,431.79 per ounce.<\/p>\n<p>In the Asian session at 4:00GMT, gold is trading at USD 1429.99 per ounce, 0.13% lower from 23:00GMT.<\/p>\n<p>The pair is expected to find its first short term resistance at  1,439.42, with the next resistance at 1,448.86. The pair is expected to  find support at 1,415.62 and subsequently at 1,401.26.<\/p>\n<p>The pair is trading just above its 50 Hr moving average and well above its 20 Hr moving average.<\/p>\n<p><em><strong>Forex Daily   Market Commentary<\/strong><\/em> <strong><em>provided                                                     by<\/em><\/strong> <span style=\"text-decoration: underline;\"><strong><a href=\"http:\/\/gcitrading.com\/\" target=\"_blank\"><strong>GCI   Financial                                    Ltd<\/strong><\/a>.<\/strong><\/span><\/p>\n<p>GCI Financial Ltd (\u201dGCI\u201d) is a regulated securities and commodities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              trading                                          firm,                                                                                                      specializing                                in                                                                   online                                                                                    Foreign                                                                                                                    Exchange                                                                                                                                          (\u201dForex\u201d)                                                                                                                                                                                      brokerage.                                         GCI                                                                                  executes                                                                                            billions                                           of                                                                    dollars                                         per                                                                                                            month                   in                                                                                      foreign                                                                                                                                                                                         exchange                                                                                                                     transactions                                                               alone.                               In                                                                                        addition                                         to                                                                                      Forex,                              GCI                                                                    is a                                                                                    primary                                                                                                                                             market                                                         maker                  in                                                                                                            Contracts                                                   for                                                                                                                                                          Difference                                                    (\u201dCFDs\u201d)                                                            on                                                                                  shares,                                                                               indices                                                                             and                                                                                                                               futures,                                                            and                                                                        offers                                 one                                      of                                         the                                                                                 fastest                                                                                               growing                                  online                                                         CFD                                                                                                              trading                                                                                                                                                                                                 services.                             GCI                               has                                                          over                                                                   10,000                                                                                clients                                                                                                          worldwide,                                                                                                                 including                                                                                                                                                                               individual                                                                                                                              traders,                                                                                                                                                      institutions,                                  and                                       money                                                                                                                   managers.                             GCI                                                                                                                                                                               provides                                           an                                                                                   advanced,                                                                                                                                     secure,                       and                                                                                                                                                                                   comprehensive                                           online                                                                                                                                               trading                                                                                                          system.                                              Client                                                                funds                   are                                                                                                                             insured                                                                                        and                                       held          in              a                                                                                                                                                                                  separate                                                                    customer                                                                   account.                                       In                                                                                                                    addition,                                   GCI                                                                                                                                                                           Financial                                                     Ltd                                                                                                                                 maintains                             Net                                                                   Capital                                          in                                                                    excess                         of                                                                                                               minimum                                                                                                                         regulatory                                                                                                                                                                                                   requirements.<\/p>\n<p>DISCLAIMER: GCI\u2019s Daily Market Commentary is provided for                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      informational                                                            purposes                                                only.                            The                                                                                                                                  information                                                                                        contained                                   in                                                                                    these                                                                                                                  reports                                                                                                                                     is                                                      gathered                                                                                                 from                                                reputable                                                news                                                                                              sources                                          and                                               is                     not                                                                                                               intended                             to                                                                                        be                                                                                                     U.S.ed                                   as                                                                                                                                     investment                                                    advice.                                          GCI                                                                   assumes                                     no                                                                                                                                                                                           responsibility                                         or                                                                                                                                              liability                                                                             from                                                     gains                                                   or                                                                     losses                                                                                  incurred                            by                                                                            the                                                                                                      information                                                                                                    herein                                                                                                                                                      contained.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices traded higher by 1.43% against the USD in the 24 hour period ending 23:00GMT, at 1,431.79 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1429.99 per ounce, 0.13% lower from 23:00GMT.<\/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-19883","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19883","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=19883"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19883\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}