Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.81% against the USD and closed at USD1728.20 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1725.50, with gold trading 0.16% lower against the USD from yesterday’s close.
The pair is expected to find support at 1705.27, and a fall through could take it to the next support level of 1685.03. The pair is expected to find its first resistance at 1756.87, and a rise through could take it to the next resistance level of 1788.23.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
