Oil N' Gold - Resources for Serious Traders
Energy and Precious Metals Commentaries
Gold: Yellow Metal Trading A Tad Higher In The Asian Session Print E-mail
Analysis | Commodity Market Commentaries | Written by GCI Financial | Mon Nov 13 17 02:20 ET

For the 24 hours to 23:00 GMT, Gold declined 0.82% against the USD and closed at USD1275.50 per ounce on Friday, surrendering its previous session gains.

In the Asian session, at GMT0400, the pair is trading at 1276.10, with the gold trading marginally higher against the USD from Friday’s close.

The pair is expected to find support at 1270.97, and a fall through could take it to the next support level of 1265.83. The pair is expected to find its first resistance at 1283.87, and a rise through could take it to the next resistance level of 1291.63.

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

GCI Financial

DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

 

Latest Analysis from this Author