Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.43% against the USD and closed at USD1185.90 per ounce, pressured by strength in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 1179.20, with the gold trading 0.56% lower from yesterday’s close.
The pair is expected to find support at 1170.30, and a fall through could take it to the next support level of 1161.40. The pair is expected to find its first resistance at 1190.60, and a rise through could take it to the next resistance level of 1202.00
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
