Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.18% against the USD and closed at USD1560.60 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1566.60, with gold trading 0.38% higher against the USD from yesterday’s close, as persistent tensions in the Middle East spurred demand for the safe haven asset.
The pair is expected to find support at 1559.93, and a fall through could take it to the next support level of 1553.27. The pair is expected to find its first resistance at 1571.03, and a rise through could take it to the next resistance level of 1575.47.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
