Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.56% against the USD and closed at USD1182.50 per ounce, amid strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1179.70, with gold trading 0.24% lower against the USD from yesterday’s close.
The pair is expected to find support at 1164.70, and a fall through could take it to the next support level of 1149.70. The pair is expected to find its first resistance at 1197.10, and a rise through could take it to the next resistance level of 1214.50.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
