Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.08% against the USD and closed at USD1316.60 per ounce, extending its previous session losses.
In the Asian session, at GMT0300, the pair is trading at 1319.40, with the gold trading 0.21% higher from yesterday’s close, as investors await crucial central bank meetings in the US and Japan.
The pair is expected to find support at 1315.67, and a fall through could take it to the next support level of 1311.93. The pair is expected to find its first resistance at 1322.47, and a rise through could take it to the next resistance level of 1325.53.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
