Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.12% against the USD and closed at USD1330.70 per ounce, amid profit booking.
In the Asian session, at GMT0300, the pair is trading at 1336.00, with gold trading 0.40% higher against the USD from yesterday’s close.
The pair is expected to find support at 1327.63, and a fall through could take it to the next support level of 1319.27. The pair is expected to find its first resistance at 1340.33, and a rise through could take it to the next resistance level of 1344.67.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
