For the 24 hours to 23:00 GMT, Gold declined 0.85% against the USD and closed at USD1311.40 per ounce, amid a firmer greenback and strength in global equities.
In the Asian session, at GMT0300, the pair is trading at 1310.70, with the gold trading a tad lower against the USD from yesterday’s close.
The pair is expected to find support at 1304.73, and a fall through could take it to the next support level of 1298.77. The pair is expected to find its first resistance at 1320.03, and a rise through could take it to the next resistance level of 1329.37.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.