Gold: Yellow metal reverses its gains in the morning session

Gold

Gold Movement

For the 24 hours to 23:00 GMT, Gold rose 1.71% against the USD and closed at USD1430.10 per ounce, amid weakness in the greenback.

In the Asian session, at GMT0300, the pair is trading at 1423.90, with gold trading 0.43% lower against the USD from yesterday’s close.

The pair is expected to find support at 1406.17, and a fall through could take it to the next support level of 1388.43. The pair is expected to find its first resistance at 1436.77, and a rise through could take it to the next resistance level of 1449.63.

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

This entry was posted in Gold. Bookmark the permalink.

Comments are closed.