Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.08% against the USD and closed at USD1462.10 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1463.90, with gold trading 0.12% higher against the USD from yesterday’s close.
The pair is expected to find support at 1461.23, and a fall through could take it to the next support level of 1458.57. The pair is expected to find its first resistance at 1465.73, and a rise through could take it to the next resistance level of 1467.57.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
