Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.0% against the USD and closed at USD1190.80 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1186.10, with the gold trading 0.39% lower from yesterday’s close.
The pair is expected to find support at 1180.50, and a fall through could take it to the next support level of 1174.90. The pair is expected to find its first resistance at 1196.90, and a rise through could take it to the next resistance level of 1207.70.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
