Gold Movement
Gold prices traded 0.57% higher against the USD in the 24-hour period ending 23:00GMT, at USD1325.70 per ounce, extending its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 1330.7, with the gold trading 0.38% higher from yesterday’s close.
The pair is expected to find support at 1319.83, and a fall through could take it to the next support level of 1308.97. The pair is expected to find its first resistance at 1337.03, and a rise through could take it to the next resistance level of 1343.37.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
