Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.72% against the USD and closed at USD1352.20 per ounce, as comments from the US President, Donald Trump, stoked demand for the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 1355.50, with gold trading 0.24% higher against the USD from yesterday’s close.
The pair is expected to find support at 1344.30, and a fall through could take it to the next support level of 1333.10. The pair is expected to find its first resistance at 1368.60, and a rise through could take it to the next resistance level of 1381.70.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
