Gold: Gold trading marginally lower in the morning session

Gold

Gold Movement

For the 24 hours to 23:00 GMT, Gold declined 0.85% against the USD and closed at USD1311.40 per ounce, amid a firmer greenback and strength in global equities.

In the Asian session, at GMT0300, the pair is trading at 1310.70, with the gold trading a tad lower against the USD from yesterday’s close.

The pair is expected to find support at 1304.73, and a fall through could take it to the next support level of 1298.77. The pair is expected to find its first resistance at 1320.03, and a rise through could take it to the next resistance level of 1329.37.

The yellow metal is trading below its 20 Hr and 50 Hr moving averages.

This entry was posted in Gold. Bookmark the permalink.

Comments are closed.