Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.08% against the USD and closed at USD1418.70 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1420.20, with gold trading 0.11% higher against the USD from yesterday’s close.
The pair is expected to find support at 1413.00, and a fall through could take it to the next support level of 1405.80. The pair is expected to find its first resistance at 1427.10, and a rise through could take it to the next resistance level of 1434.00.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
