Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.46% against the USD and closed at USD1422.50 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1422.20 with gold trading slightly lower against the USD from yesterday’s close.
The pair is expected to find support at 1413.97, and a fall through could take it to the next support level of 1405.73. The pair is expected to find its first resistance at 1431.17, and a rise through could take it to the next resistance level of 1440.13.
The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
