Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.63% against the USD and closed at 1360.60, after a couple of robust US labour market reports led to a broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1358.00, with the gold trading 0.19% lower from yesterday’s close.
The pair is expected to find support at 1349.47, and a fall through could take it to the next support level of 1340.93. The pair is expected to find its first resistance at 1369.07, and a rise through could take it to the next resistance level of 1380.13.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
