Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.13% against the USD and closed at USD1991.40 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1992.30, with gold trading 0.05% higher against the USD from yesterday’s close.
The pair is expected to find support at 1979.53, and a fall through could take it to the next support level of 1966.77. The pair is expected to find its first resistance at 2000.73, and a rise through could take it to the next resistance level of 2009.17.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
