Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.9% against the USD and closed at USD1327.30 per ounce, amid a rally in US equities and strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1325.50, with gold trading 0.14% lower against the USD from yesterday’s close.
The pair is expected to find support at 1319.57, and a fall through could take it to the next support level of 1313.63. The pair is expected to find its first resistance at 1336.17, and a rise through could take it to the next resistance level of 1346.83.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
