Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.37% against the USD and closed at USD1471.90 per ounce, amid weakness in the US dollar.
In the Asian session, at GMT0400, the pair is trading at 1470.50, with gold trading 0.10% lower against the USD from yesterday’s close.
The pair is expected to find support at 1459.47, and a fall through could take it to the next support level of 1448.43. The pair is expected to find its first resistance at 1478.67, and a rise through could take it to the next resistance level of 1486.83.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
