Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.94% against the USD and closed at USD1320.60 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1315.60, with gold trading 0.38% lower against the USD from yesterday’s close.
The pair is expected to find support at 1307.80, and a fall through could take it to the next support level of 1300.00. The pair is expected to find its first resistance at 1329.10, and a rise through could take it to the next resistance level of 1342.60.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
