Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.45% against the USD and closed at USD1308.40 per ounce, amid weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1306.00, with gold trading 0.18% lower against the USD from yesterday’s close.
The pair is expected to find support at 1301.27, and a fall through could take it to the next support level of 1296.53. The pair is expected to find its first resistance at 1310.57, and a rise through could take it to the next resistance level of 1315.13.
The yellow metal is trading in between its 20 Hr and 50 Hr moving averages.
