Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.4% against the USD and closed at USD1164.20 per ounce, amid a broad weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1173.90, with the gold trading 0.83% higher from yesterday’s close.
The pair is expected to find support at 1164.07, and a fall through could take it to the next support level of 1154.23. The pair is expected to find its first resistance at 1179.27, and a rise through could take it to the next resistance level of 1184.63.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
