Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.38% against the USD and closed at USD1310.80 per ounce, amid weakness in the US dollar and US equities.
In the Asian session, at GMT0300, the pair is trading at 1316.80, with gold trading 0.46% higher against the USD from yesterday’s close.
The pair is expected to find support at 1302.20, and a fall through could take it to the next support level of 1287.60. The pair is expected to find its first resistance at 1324.40, and a rise through could take it to the next resistance level of 1332.00.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
