Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.57% against the USD and closed at USD1314.20 per ounce, as robust US manufacturing data for September boosted gains in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1311.90, with the gold trading 0.18% lower from yesterday’s close.
The pair is expected to find support at 1307.47, and a fall through could take it to the next support level of 1303.03. The pair is expected to find its first resistance at 1319.27, and a rise through could take it to the next resistance level of 1326.63.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
