Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.44% against the USD and closed at USD1348.10 per ounce, amid strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1344.60, with gold trading 0.26% lower against the USD from yesterday’s close.
The pair is expected to find support at 1339.30, and a fall through could take it to the next support level of 1334.00. The pair is expected to find its first resistance at 1353.80, and a rise through could take it to the next resistance level of 1363.00.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
