Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.28% against the USD and closed at USD1130.00 per ounce, reversing its previous session gains.
In the Asian session, at GMT0400, the pair is trading at 1132.50, with the gold trading 0.22% higher from yesterday’s close.
The pair is expected to find support at 1128.90, and a fall through could take it to the next support level of 1125.30. The pair is expected to find its first resistance at 1135.80, and a rise through could take it to the next resistance level of 1139.10.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
