Gold Movement
Gold prices traded higher by 0.77% against the USD in the 24 hour period ending 23:00GMT, at 1334.83 per ounce, as soft economic data from the US and social unrest in Ukraine bolstered the safe-haven appeal of the commodity.
In the Asian session, at GMT0400, Gold is trading at 1333.21, 0.12% lower from yesterday’s close.
Gold is expected to find support at 1322.19, and a fall through could take it to the next support level of 1311.18. Gold is expected to find its first resistance at 1342.13, and a rise through could take it to the next resistance level of 1351.06.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
