Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.28% against the USD and closed at USD1334.90 per ounce, amid a broad rally in global equity markets.
In the Asian session, at GMT0400, the pair is trading at 1334.80, with gold trading a tad lower against the USD from yesterday’s close.
The pair is expected to find support at 1330.03, and a fall through could take it to the next support level of 1325.27. The pair is expected to find its first resistance at 1341.23, and a rise through could take it to the next resistance level of 1347.67.
The yellow metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
