Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.60% against the USD and closed at USD1301.00 per ounce, amid weakness in US dollar.
In the Asian session, at GMT0400, the pair is trading at 1304.70, with gold trading 0.28% higher against the USD from yesterday’s close.
The pair is expected to find support at 1297.40, and a fall through could take it to the next support level of 1290.10. The pair is expected to find its first resistance at 1308.90, and a rise through could take it to the next resistance level of 1313.10.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
