Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.29% against the USD and closed at USD1513.80 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1521.00, with gold trading 0.48% higher against the USD from yesterday’s close.
The pair is expected to find support at 1513.67, and a fall through could take it to the next support level of 1506.33. The pair is expected to find its first resistance at 1524.67, and a rise through could take it to the next resistance level of 1528.33.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
