Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.06% against the USD and closed at USD1457.00 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1459.20, with gold trading 0.15% higher against the USD from yesterday’s close.
The pair is expected to find support at 1449.83, and a fall through could take it to the next support level of 1440.47. The pair is expected to find its first resistance at 1464.93, and a rise through could take it to the next resistance level of 1470.67.
The yellow metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
