Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.08% against the USD and closed at USD 1328.4 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1329.00, with the gold trading a tad higher from yesterday’s close.
The pair is expected to find support at 1322.17, and a fall through could take it to the next support level of 1315.33. The pair is expected to find its first resistance at 1339.97, and a rise through could take it to the next resistance level of 1350.93.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
