Gold Movement
Gold prices traded 0.21% lower against the USD in the 24-hour period ending 23:00GMT, at USD1351.40 per ounce, after three consecutive sessions of gains.
In the Asian session, at GMT0300, the pair is trading at 1346.00, with the gold trading 0.4% lower from yesterday’s close.
The pair is expected to find support at 1337.37, and a fall through could take it to the next support level of 1328.73. The pair is expected to find its first resistance at 1357.47, and a rise through could take it to the next resistance level of 1368.93.
The yellow metal is trading below its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
