Gold Movement
Gold prices traded higher by 0.56% against the USD in the 24 hour period ending 23:00GMT, at 1322.47 per ounce, as investors favoured the safe-haven metal amid lingering concerns over a political deadlock in the US budget talks.
In the Asian session, at GMT0300, Gold is trading at 1326.21, 0.28% higher from yesterday’s close.
Gold is expected to find support at 1313.55, and a fall through could take it to the next support level of 1300.90. Gold is expected to find its first resistance at 1333.98, and a rise through could take it to the next resistance level of 1341.76.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
