Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.63% against the USD and closed at USD1334.00 per ounce, amid weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1330.20, with gold trading 0.28% lower against the USD from yesterday’s close.
The pair is expected to find support at 1323.93, and a fall through could take it to the next support level of 1317.67. The pair is expected to find its first resistance at 1335.43, and a rise through could take it to the next resistance level of 1340.67.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
