Gold Movement
Gold prices traded higher by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1,362.65 per ounce.
In the Asian session at 4:00GMT, gold is trading at USD 1,362.89 per ounce, 0.04% higher from 23:00GMT.
The pair is expected to find its first short term resistance at 1,371.35, with the next resistance at 1,379.81. The pair is expected to find support at 1,351.33 and subsequently at 1,339.77.
The pair has shown convergence with its 20Hr moving average and is trading well above 50Hr moving average.
