For the 24 hours to 23:00 GMT, Gold marginally declined against the USD and closed at USD1678.50 per ounce.

In the Asian session, at GMT0300, the pair is trading at 1682.70, with gold trading 0.25% higher against the USD from yesterday’s close, ahead of the US weekly jobless claims report.

The pair is expected to find support at 1672.80, and a fall through could take it to the next support level of 1662.90. The pair is expected to find its first resistance at 1694.20, and a rise through could take it to the next resistance level of 1705.70.

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

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