Tue, Apr 23, 2024 @ 10:51 GMT
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HomeContributorsFundamental AnalysisGold: Yellow Extends Its Losses In The Asian Session

Gold: Yellow Extends Its Losses In The Asian Session

GCI Financial
By GCI Financial

For the 24 hours to 23:00 GMT, Gold declined 1.13% against the USD and closed at USD1734.40 per ounce, amid rise in global equity markets.

In the Asian session, at GMT0300, the pair is trading at 1732.90, with gold trading 0.09% lower against the USD from yesterday’s close.

The pair is expected to find support at 1718.93, and a fall through could take it to the next support level of 1704.97. The pair is expected to find its first resistance at 1751.93, and a rise through could take it to the next resistance level of 1770.97.

The yellow metal is trading below its 20 Hr and 50 Hr moving averages.

GCI Financial
GCI Financialhttp://www.gcitrading.com/
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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