Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.85% against the USD and closed at USD1952.00 per ounce, amid strength in the US Treasury yields.
In the Asian session, at GMT0300, the pair is trading at 1951.90, with gold trading marginally lower against the USD from Friday’s close.
The pair is expected to find support at 1938.57, and a fall through could take it to the next support level of 1925.23. The pair is expected to find its first resistance at 1965.77, and a rise through could take it to the next resistance level of 1979.63.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
