Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.62% against the USD and closed at USD1348.90 per ounce on Friday, amid a broad weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1350.00, with gold trading 0.08% higher against the USD from Friday’s close, after the US, Britain and France launched missile strikes on Syria.
The pair is expected to find support at 1339.87, and a fall through could take it to the next support level of 1329.73. The pair is expected to find its first resistance at 1355.77, and a rise through could take it to the next resistance level of 1361.53.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
