Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.34% against the USD and closed at USD1312.80 per ounce, amid an escalation of geopolitical tensions between North Korea and the US.
In the Asian session, at GMT0300, the pair is trading at 1313.30, with the gold trading marginally higher against the USD from yesterday’s close.
The pair is expected to find support at 1299.33, and a fall through could take it to the next support level of 1285.37. The pair is expected to find its first resistance at 1321.53, and a rise through could take it to the next resistance level of 1329.77.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
