Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.75% against the USD and closed at USD1485.00 per ounce, amid strength in the US equities.
In the Asian session, at GMT0300, the pair is trading at 1486.40, with gold trading 0.09% higher against the USD from yesterday’s close.
The pair is expected to find support at 1477.13, and a fall through could take it to the next support level of 1467.87. The pair is expected to find its first resistance at 1499.33, and a rise through could take it to the next resistance level of 1512.27.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
