Gold: Yellow metal extends its gains in the Asian session

Gold

Gold Movement

For the 24 hours to 23:00 GMT, Gold rose 0.07% against the USD and closed at USD1344.9 per ounce, amid a weaker greenback.

In the Asian session, at GMT0300, the pair is trading at 1350.1, with the gold trading 0.39% higher from yesterday’s close.

The pair is expected to find support at 1343.4, and a fall through could take it to the next support level of 1336.7. The pair is expected to find its first resistance at 1354.3, and a rise through could take it to the next resistance level of 1358.5.

The yellow metal is trading above its 20 Hr and 50 Hr moving averages.

This entry was posted in Gold. Bookmark the permalink.

Comments are closed.