Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.36% against the USD and closed at USD1346.2 per ounce, amid a broad weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1354.5, with the gold trading 0.62% higher from yesterday’s close.
The pair is expected to find support at 1341.97, and a fall through could take it to the next support level of 1329.43. The pair is expected to find its first resistance at 1361.07, and a rise through could take it to the next resistance level of 1367.63.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
