Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.73% against the USD and closed at USD1956.6. per ounce, as weak US jobs data stoked worries about slow economic recovery.
In the Asian session, at GMT0300, the pair is trading at 1955.1, with gold trading 0.08% lower against the USD from yesterday’s close.
The pair is expected to find support at 1934.97, and a fall through could take it to the next support level of 1914.83. The pair is expected to find its first resistance at 1969.17, and a rise through could take it to the next resistance level of 1983.23.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
