Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.56% against the USD and closed at USD1764.90 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1763.80, with gold trading 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 1751.87, and a fall through could take it to the next support level of 1739.93. The pair is expected to find its first resistance at 1777.37, and a rise through could take it to the next resistance level of 1790.93.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
