Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.87% against the USD and closed at USD1422.30 per ounce, amid weakness in the greenback and intensifying geopolitical tensions between the US and Iran.
In the Asian session, at GMT0300, the pair is trading at 1428.60, with gold trading 0.44% higher against the USD from yesterday’s close, extending its previous session gains.
The pair is expected to find support at 1411.13, and a fall through could take it to the next support level of 1393.67. The pair is expected to find its first resistance at 1439.23, and a rise through could take it to the next resistance level of 1449.87.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
