Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.25% against the USD and closed at USD1316.50 per ounce, amid broad strength in the US dollar.
In the Asian session, at GMT0400, the pair is trading at 1318.50, with gold trading 0.15% higher against the USD from yesterday’s close.
The pair is expected to find support at 1314.20, and a fall through could take it to the next support level of 1309.90. The pair is expected to find its first resistance at 1321.30, and a rise through could take it to the next resistance level of 1324.10.
The yellow metal is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
