For the 24 hours to 23:00 GMT, Gold declined 0.13% against the USD and closed at USD1341.20 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1342.90, with gold trading 0.13% higher against the USD from yesterday’s close.
The pair is expected to find support at 1338.57, and a fall through could take it to the next support level of 1334.23. The pair is expected to find its first resistance at 1348.47, and a rise through could take it to the next resistance level of 1354.03.
The yellow metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.