Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.04% against the USD and closed at USD1407.00 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1410.10, with gold trading 0.22% higher against the USD from yesterday’s close.
The pair is expected to find support at 1399.47, and a fall through could take it to the next support level of 1388.83. The pair is expected to find its first resistance at 1423.97, and a rise through could take it to the next resistance level of 1437.83.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
