Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.23% against the USD and closed at USD1319.30 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1318.30, with gold trading 0.08% lower against the USD from yesterday’s close.
The pair is expected to find support at 1315.07, and a fall through could take it to the next support level of 1311.83. The pair is expected to find its first resistance at 1321.27, and a rise through could take it to the next resistance level of 1324.23.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
