Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.43% against the USD and closed at USD1506.10 per ounce, amid weakness in the US dollar.
In the Asian session, at GMT0300, the pair is trading at 1510.60, with gold trading 0.30% higher against the USD from yesterday’s close.
The pair is expected to find support at 1502.10, and a fall through could take it to the next support level of 1493.60. The pair is expected to find its first resistance at 1515.60, and a rise through could take it to the next resistance level of 1520.60.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
