Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.09% against the USD and closed at USD1344.10 per ounce, amid broad weakness in the US dollar.
In the Asian session, at GMT0400, the pair is trading at 1347.10, with gold trading 0.22% higher against the USD from yesterday’s close.
The pair is expected to find support at 1332.07, and a fall through could take it to the next support level of 1317.03. The pair is expected to find its first resistance at 1355.97, and a rise through could take it to the next resistance level of 1364.83.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
