Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.07% against the USD and closed at USD1479.40 per ounce, as strength in the US dollar dented demand for the precious yellow metal.
In the Asian session, at GMT0400, the pair is trading at 1481.90, with gold trading 0.17% higher against the USD from yesterday’s close.
The pair is expected to find support at 1476.27, and a fall through could take it to the next support level of 1470.63. The pair is expected to find its first resistance at 1485.57, and a rise through could take it to the next resistance level of 1489.23.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
