Gold Movement
Gold prices traded higher by 0.44% against the USD in the 24 hour period ending 23:00GMT, at 1317.51 per ounce, amid a broadly weak dollar.
In the Asian session, at GMT0400, Gold is trading at 1315.57, 0.15% lower from yesterday’s close.
Gold is expected to find support at 1309.82, and a fall through could take it to the next support level of 1304.08. Gold is expected to find its first resistance at 1321.77, and a rise through could take it to the next resistance level of 1327.98.
The yellow metal is trading just below its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
