Gold Movement

For the 24 hours to 23:00 GMT, Gold declined 0.71% against the USD and closed at USD1217.20 per ounce, amid strength in greenback.

In the Asian session, at GMT0300, the pair is trading at 1216.20, with gold trading 0.08% lower against the USD from yesterday’s close.

The pair is expected to find support at 1210.27, and a fall through could take it to the next support level of 1204.33. The pair is expected to find its first resistance at 1226.07, and a rise through could take it to the next resistance level of 1235.93.

The yellow metal is trading below its 20 Hr and 50 Hr moving averages.

This entry was posted in Gold. Bookmark the permalink.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here