Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.13% against the USD and closed at USD1412.60 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1423.90, with gold trading 0.80% higher against the USD from yesterday’s close.
The pair is expected to find support at 1407.60, and a fall through could take it to the next support level of 1391.30. The pair is expected to find its first resistance at 1434.00, and a rise through could take it to the next resistance level of 1444.10.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
