Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.21% against the USD and closed at USD1552.50 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1554.80, with gold trading 0.15% higher against the USD from yesterday’s close.
The pair is expected to find support at 1549.33, and a fall through could take it to the next support level of 1543.87. The pair is expected to find its first resistance at 1558.93, and a rise through could take it to the next resistance level of 1563.07.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
