Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.15% against the USD and closed at 1089.10, as the greenback gained ground against its peers.
In the Asian session, at GMT0400, the pair is trading at 1089.4, with the gold trading marginally higher from yesterday’s close.
The pair is expected to find support at 1085.30, and a fall through could take it to the next support level of 1081.20. The pair is expected to find its first resistance at 1093.40, and a rise through could take it to the next resistance level of 1097.40.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
