Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.56% against the USD and closed at USD1133.90 per ounce, amid strength in global equities and a stronger US Dollar.
In the Asian session, at GMT0400, the pair is trading at 1136.10, with the gold trading 0.19% higher from yesterday’s close.
The pair is expected to find support at 1128.47, and a fall through could take it to the next support level of 1120.83. The pair is expected to find its first resistance at 1142.57, and a rise through could take it to the next resistance level of 1149.03.
The yellow metal is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
