Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.84% against the USD and closed at USD1305.40 per ounce, as a broad strength in the US Dollar decreased demand for the precious yellow metal.
In the Asian session, at GMT0300, the pair is trading at 1310.00, with gold trading 0.35% higher against the USD from yesterday’s close.
The pair is expected to find support at 1303.60, and a fall through could take it to the next support level of 1297.20. The pair is expected to find its first resistance at 1315.10, and a rise through could take it to the next resistance level of 1320.20.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
