Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.00% against the USD and closed at USD1362.90 per ounce, amid weakness in the US dollar.
In the Asian session, at GMT0300, the pair is trading at 1383.20, with gold trading 1.49% higher against the USD from yesterday’s close.
The pair is expected to find support at 1352.77, and a fall through could take it to the next support level of 1322.33. The pair is expected to find its first resistance at 1405.67, and a rise through could take it to the next resistance level of 1428.13.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
