Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.99% against the USD and closed at USD1326.60 per ounce, amid a broad weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1324.70, with the gold trading 0.14% lower against the USD from yesterday’s close.
The pair is expected to find support at 1310.73, and a fall through could take it to the next support level of 1296.77. The pair is expected to find its first resistance at 1333.83, and a rise through could take it to the next resistance level of 1342.97.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
