Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally declined against the USD and closed at USD1330.00 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1330.80, with gold trading 0.06% higher against the USD from yesterday’s close.
The pair is expected to find support at 1325.63, and a fall through could take it to the next support level of 1320.47. The pair is expected to find its first resistance at 1335.03, and a rise through could take it to the next resistance level of 1339.27.
The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
