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Gold: Yellow Metal Trading A Tad Lower In The Morning Session Print E-mail
Analysis | Commodity Market Commentaries | Written by GCI Financial | Wed Sep 13 17 01:13 ET

For the 24 hours to 23:00 GMT, Gold rose 0.29% against the USD and closed at USD1336.80 per ounce, reversing its previous session losses.

In the Asian session, at GMT0300, the pair is trading at 1336.20, with the gold trading slightly lower against the USD from yesterday’s close.

The pair is expected to find support at 1328.43, and a fall through could take it to the next support level of 1320.67. The pair is expected to find its first resistance at 1342.23, and a rise through could take it to the next resistance level of 1348.27.

The yellow metal is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.

GCI Financial

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