Thu, Feb 05, 2026 10:09 GMT
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    HomeContributorsFundamental AnalysisGold: Yellow Metal Trading Lower This Morning

    Gold: Yellow Metal Trading Lower This Morning

    For the 24 hours to 23:00 GMT, Gold declined 0.81% against the USD and closed at USD1337.50 per ounce on Friday, amid a broad strength in the greenback.

    In the Asian session, at GMT0300, the pair is trading at 1335.30, with gold trading 0.16% lower against the USD from Friday’s close.

    The pair is expected to find support at 1330.73, and a fall through could take it to the next support level of 1326.17. The pair is expected to find its first resistance at 1343.33, and a rise through could take it to the next resistance level of 1351.37.

    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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