Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.20% against the USD and closed at USD1313.80 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1312.50, with gold trading 0.10% lower against the USD from yesterday’s close.
The pair is expected to find support at 1307.33, and a fall through could take it to the next support level of 1302.17. The pair is expected to find its first resistance at 1316.73, and a rise through could take it to the next resistance level of 1320.97.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
