Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.37% against the USD and closed at USD1318.90 per ounce, amid strength in the US Dollar and easing geopolitical tensions.
In the Asian session, at GMT0300, the pair is trading at 1317.80, with gold trading 0.08% lower against the USD from yesterday’s close.
The pair is expected to find support at 1313.33, and a fall through could take it to the next support level of 1308.87. The pair is expected to find its first resistance at 1325.13, and a rise through could take it to the next resistance level of 1332.47.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
