Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.15% against the USD and closed at USD1354.00 per ounce, amid a broad weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1357.90, with the gold trading 0.29% higher from yesterday’s close.
The pair is expected to find support at 1344.87, and a fall through could take it to the next support level of 1331.83. The pair is expected to find its first resistance at 1364.77, and a rise through could take it to the next resistance level of 1371.63.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
