Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.37% against the USD and closed at USD1325.80 per ounce, amid a rally in global equities.
In the Asian session, at GMT0300, the pair is trading at 1328.50, with the gold trading 0.2% higher from yesterday’s close.
The pair is expected to find support at 1322.90, and a fall through could take it to the next support level of 1317.30. The pair is expected to find its first resistance at 1332.30, and a rise through could take it to the next resistance level of 1336.10.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
