Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.55% against the USD and closed at USD1316.10 per ounce, as geopolitical tensions following a missile launch from North Korea receded.
In the Asian session, at GMT0300, the pair is trading at 1318.20, with the gold trading 0.16% higher against the USD from yesterday’s close.
The pair is expected to find support at 1308.57, and a fall through could take it to the next support level of 1298.93. The pair is expected to find its first resistance at 1329.87, and a rise through could take it to the next resistance level of 1341.53.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
