Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.03% against the USD and closed at USD1301.50 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1300.70, with gold trading 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 1297.20, and a fall through could take it to the next support level of 1293.70. The pair is expected to find its first resistance at 1306.00, and a rise through could take it to the next resistance level of 1311.30.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
