Gold: Yellow metal extends its losses in the Asian session

Gold

Gold Movement

For the 24 hours to 23:00 GMT, Gold declined 0.56% against the USD and closed at USD1224.40 per ounce, amid strength in the greenback.

In the Asian session, at GMT0400, the pair is trading at 1218.10, with gold trading 0.51% lower against the USD from yesterday’s close.

The pair is expected to find support at 1212.90, and a fall through could take it to the next support level of 1207.70. The pair is expected to find its first resistance at 1226.90, and a rise through could take it to the next resistance level of 1235.70.

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.