Gold Movement
Gold prices traded 0.24% lower against the USD in the 24-hour period ending 23:00GMT, at USD1349.30 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1351.20, with the gold trading 0.14% higher from yesterday’s close, reversing its previous session losses.
The pair is expected to find support at 1345.47, and a fall through could take it to the next support level of 1339.73. The pair is expected to find its first resistance at 1357.27, and a rise through could take it to the next resistance level of 1363.33.
The yellow metal is showing convergence with its 20 Hr and is trading above its 50 Hr moving average.
