Gold Movement
For the 24 hours to 23:00 GMT, Gold traded flat against the USD and closed at USD1321.20 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1319.40, with gold trading 0.14% lower against the USD from yesterday’s close.
The pair is expected to find support at 1316.10, and a fall through could take it to the next support level of 1312.80. The pair is expected to find its first resistance at 1322.30, and a rise through could take it to the next resistance level of 1325.20.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
