Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.84% against the USD and closed at USD1516.00 per ounce, amid weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1517.90, with gold trading 0.13% higher against the USD from yesterday’s close.
The pair is expected to find support at 1510.30, and a fall through could take it to the next support level of 1502.70. The pair is expected to find its first resistance at 1522.10, and a rise through could take it to the next resistance level of 1526.30.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
