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Gold: Yellow Metal Trading Lower In The Asian Session Print E-mail
Analysis | Commodity Market Commentaries | Written by GCI Financial | Mon Sep 11 17 03:14 ET

For the 24 hours to 23:00 GMT, Gold declined 0.1% against the USD and closed at USD1351.70 per ounce on Friday, surrendering its previous session gains.

In the Asian session, at GMT0300, the pair is trading at 1341.70, with the gold trading 0.74% lower against the USD from Friday’s close.

The pair is expected to find support at 1333.53, and a fall through could take it to the next support level of 1325.37. The pair is expected to find its first resistance at 1356.13, and a rise through could take it to the next resistance level of 1370.57.

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.

 

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