Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.60% against the USD and closed at USD1329.10 per ounce, amid strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1331.90, with gold trading 0.21% higher against the USD from yesterday’s close.
The pair is expected to find support at 1322.43, and a fall through could take it to the next support level of 1312.97. The pair is expected to find its first resistance at 1346.63, and a rise through could take it to the next resistance level of 1361.37.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
