Gold: Yellow metal trading lower in the Asian session

Gold: Yellow metal trading lower in the Asian session

Gold

Gold Movement

For the 24 hours to 23:00 GMT, Gold declined 3.56% against the USD and closed at USD1483.90 per ounce, as investors exchanged precious metals against cash.

In the Asian session, at GMT0400, the pair is trading at 1472.40, with gold trading 0.77% lower against the USD from yesterday’s close.

The pair is expected to find support at 1443.86, and a fall through could take it to the next support level of 1415.33. The pair is expected to find its first resistance at 1517.17, and a rise through could take it to the next resistance level of 1561.93.

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

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