Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.32% against the USD and closed at USD1327.40 per ounce, amid weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1328.10, with gold trading 0.1% higher against the USD from yesterday’s close.
The pair is expected to find support at 1318.03, and a fall through could take it to the next support level of 1307.97. The pair is expected to find its first resistance at 1333.93, and a rise through could take it to the next resistance level of 1339.77.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
