For the 24 hours to 23:00 GMT, Gold declined 1.40% against the USD and closed at USD1637.00 per ounce, amid profit booking.
In the Asian session, at GMT0400, the pair is trading at 1641.80, with gold trading 0.29% higher against the USD from yesterday’s close.
The pair is expected to find support at 1625.63, and a fall through could take it to the next support level of 1609.47. The pair is expected to find its first resistance at 1659.33, and a rise through could take it to the next resistance level of 1676.87.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
Roz has been engaged in the financial markets since 2017, specializing in Foreign Exchange, Before joining to FOREX IN WORLD she start to learn forex trading related information.