Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.26% against the USD and closed at USD1312.40 per ounce, amid strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1313.80, with gold trading 0.11% higher against the USD from yesterday’s close.
The pair is expected to find support at 1306.07, and a fall through could take it to the next support level of 1298.33. The pair is expected to find its first resistance at 1319.67, and a rise through could take it to the next resistance level of 1325.53.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
