Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.17% against the USD and closed at USD1558.00 per ounce, as investors booked profit, after gold prices jumped in the earlier session.
In the Asian session, at GMT0400, the pair is trading at 1551.70, with gold trading 0.40% lower against the USD from yesterday’s close.
The pair is expected to find support at 1542.57, and a fall through could take it to the next support level of 1533.43. The pair is expected to find its first resistance at 1564.27, and a rise through could take it to the next resistance level of 1576.833.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
