Gold Movement
For the 24 hours to 23:00 GMT, Gold declined marginally against the USD and closed at 1128.20, reversing its previous session gains.
In the Asian session, at GMT0400, the pair is trading at 1128.9, with the gold trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 1123.83, and a fall through could take it to the next support level of 1118.77. The pair is expected to find its first resistance at 1132.73, and a rise through could take it to the next resistance level of 1136.57.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
