Gold: Yellow metal trading higher in the Asian session

Gold

Gold Movement

For the 24 hours to 23:00 GMT, Gold declined 0.21% against the USD and closed at USD1552.50 per ounce.

In the Asian session, at GMT0400, the pair is trading at 1554.80, with gold trading 0.15% higher against the USD from yesterday’s close.

The pair is expected to find support at 1549.33, and a fall through could take it to the next support level of 1543.87. The pair is expected to find its first resistance at 1558.93, and a rise through could take it to the next resistance level of 1563.07.

The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.

This entry was posted in Gold. Bookmark the permalink.

Comments are closed.