Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally declined against the USD and closed at USD1705.10 per ounce, as the US Dollar strengthened.
In the Asian session, at GMT0300, the pair is trading at 1707.30, with gold trading 0.13% higher against the USD from yesterday’s close.
The pair is expected to find support at 1676.33, and a fall through could take it to the next support level of 1645.37. The pair is expected to find its first resistance at 1728.13, and a rise through could take it to the next resistance level of 1748.97.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
