Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.06% against the USD and closed at USD1133.20 per ounce, extending its previous session losses.
In the Asian session, at GMT0400, the pair is trading at 1132.80, with the gold trading a tad lower from yesterday’s close.
The pair is expected to find support at 1129.87, and a fall through could take it to the next support level of 1126.93. The pair is expected to find its first resistance at 1137.27, and a rise through could take it to the next resistance level of 1141.73.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
