For the 24 hours to 23:00 GMT, Gold declined 1.38% against the USD and closed at USD1479.30 per ounce, amid broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1473.40, with gold trading 0.40% lower against the USD from yesterday’s close.
The pair is expected to find support at 1462.30, and a fall through could take it to the next support level of 1451.20. The pair is expected to find its first resistance at 1492.70, and a rise through could take it to the next resistance level of 1512.00.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
