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Yellow Metal Trading On A Weaker Footing This Morning Print E-mail
Analysis | Commodity Market Commentaries | Written by GCI Financial | Tue Mar 13 18 03:10 ET

For the 24 hours to 23:00 GMT, Gold slightly declined against the USD and closed at USD1323.30 per ounce.

In the Asian session, at GMT0400, the pair is trading at USD1321.30 per ounce, with gold trading 0.15% lower against the USD from yesterday’s close.

The pair is expected to find support at 1315.60, and a fall through could take it to the next support level of 1309.90. The pair is expected to find its first resistance at 1326.70, and a rise through could take it to the next resistance level of 1332.10.

The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.

GCI Financial

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