Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.53% against the USD and closed at USD1531.60 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1541.10, with gold trading 0.62% higher against the USD from yesterday’s close, amid escalating tensions between the US and Middle East.
The pair is expected to find support at 1526.77, and a fall through could take it to the next support level of 1512.43. The pair is expected to find its first resistance at 1549.57, and a rise through could take it to the next resistance level of 1558.03.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
