Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.2% against the USD and closed at USD1326.60 per ounce, as the release of hawkish FOMC meeting minutes boosted gains in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 1325.80, with gold trading 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 1320.30, and a fall through could take it to the next support level of 1314.80. The pair is expected to find its first resistance at 1334.90, and a rise through could take it to the next resistance level of 1344.00.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
