For the 24 hours to 23:00 GMT, Gold declined 0.73% against the USD and closed at USD1536.60 per ounce, amid strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1532.70, with gold trading 0.25% lower against the USD from yesterday’s close.
The pair is expected to find support at 1520.93, and a fall through could take it to the next support level of 1509.17. The pair is expected to find its first resistance at 1552.13, and a rise through could take it to the next resistance level of 1571.57.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
