Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.3% against the USD and closed at USD1348.90 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1343.40, with gold trading 0.41% lower against the USD from yesterday’s close.
The pair is expected to find support at 1339.47, and a fall through could take it to the next support level of 1335.53. The pair is expected to find its first resistance at 1350.17, and a rise through could take it to the next resistance level of 1356.93.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
