Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.25% against the USD and closed at USD1397.70 per ounce, amid broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1395.40, with gold trading 0.16% lower against the USD from yesterday’s close.
The pair is expected to find support at 1388.77, and a fall through could take it to the next support level of 1382.13. The pair is expected to find its first resistance at 1405.97, and a rise through could take it to the next resistance level of 1416.53.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
