{"id":435964,"date":"2013-10-29T12:49:24","date_gmt":"2013-10-29T08:49:24","guid":{"rendered":"http:\/\/www.dubaigoldprices.com\/?p=435964"},"modified":"2013-10-29T12:49:24","modified_gmt":"2013-10-29T08:49:24","slug":"daily-report-for-gold-29102013","status":"publish","type":"post","link":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/2013\/10\/29\/daily-report-for-gold-29102013\/","title":{"rendered":"Daily Report For Gold 29\/10\/2013"},"content":{"rendered":"<p>Gold prices stabilized at a level slightly lower yesterday, as investors took a cautious stance before the announcement of the Bank&#8217;s policy meeting Fed.<\/p>\n<p><a href=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/10\/xauusd-29oct-1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/10\/xauusd-29oct-1-390x250.jpg\" alt=\"Daily Report For Gold 29\/10\/2013\" width=\"390\" height=\"250\" class=\"aligncenter size-large wp-image-435965\" \/><\/a><\/p>\n<p>The XAU\/USD at the height reached to 1361.76 after the report issued by the National Association of Realtors revealed that sales of previously owned homes fell by 5.6% during the month of September. Separately, the data announced by the Federal Reserve showed that industrial production advanced by 0.6%. Economic recovery is somewhat weaker than the Fed&#8217;s expectations, and for this reason, the U.S. dollar significantly affected by the weak data.<\/p>\n<p>While the disappointing figures reinforced expectations that the Fed will delay reducing operations  the asset purchase program until the spring, I think that the market has an upward tendencies in the short term. Technically, the trading  on a daily basis is a positive thing and I do not have any intentions to take positions short until we close below the Agheimat and even passes the line  (moving average for the period ninth &#8211; red line) under Ht &#8220;Keygen &#8211; age&#8221; (moving average for 26 days &#8211; green line) on the chart for four hours.<\/p>\n<p><a href=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/10\/xauusd-29oct-2.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/10\/xauusd-29oct-2-392x250.jpg\" alt=\"Daily Report For Gold 29\/10\/2013\" width=\"392\" height=\"250\" class=\"aligncenter size-large wp-image-435966\" \/><\/a><\/p>\n<p>Of course this does not mean that prices will not retreat . In the meantime , until the announcement of the Federal Open Market Committee , I think we will stay between 1366 and 1345 . If the downward movement has been able to increase selling pressure and exceeded all this support , it is likely that the pair back the level of 1335 visit next.<\/p>\n<p>Close below this level could indicate that the level of 1326 , which marks it dropped 23.6 Based on the move down from 1795.75 to 1180.21 , may be the new target . However, the rise above the level of 1366 could tempt some investors to return to the market and increase the probability of a progressive attempt to re-visit the highest level for the date of 19 September at 1375.20 . Beyond that, it will be important challenge awaiting upward movement when the area between 1380-1392 .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices stabilized at a level slightly lower yesterday, as investors took a cautious stance before the announcement of the Bank&#8217;s policy meeting Fed. The XAU\/USD at the height reached to 1361.76 after the report issued by the National Association of Realtors revealed that sales of previously owned homes fell by 5.6% during the month [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":435965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-435964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-prices"],"_links":{"self":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/435964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/comments?post=435964"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/435964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/435965"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=435964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=435964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=435964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}