Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.05% against the USD and closed at USD1304.00 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1302.60, with gold trading 0.11% lower against the USD from yesterday’s close.
The pair is expected to find support at 1297.93, and a fall through could take it to the next support level of 1293.27. The pair is expected to find its first resistance at 1307.13, and a rise through could take it to the next resistance level of 1311.67.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
