Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.07% against the USD and closed at USD1348.90 per ounce, amid strength in US equities.
In the Asian session, at GMT0300, the pair is trading at 1349.60, with gold trading 0.05% higher against the USD from yesterday’s close.
The pair is expected to find support at 1344.43, and a fall through could take it to the next support level of 1339.27. The pair is expected to find its first resistance at 1354.13, and a rise through could take it to the next resistance level of 1358.67.
The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
