Gold Movement
For the 24 hours to 23:00 GMT, Gold declined marginally against the USD and closed at USD1341.0 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1340.4, with the gold trading marginally lower from yesterday’s close.
The pair is expected to find support at 1335.83, and a fall through could take it to the next support level of 1331.27. The pair is expected to find its first resistance at 1344.43, and a rise through could take it to the next resistance level of 1348.47.
The yellow metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
