Gold Movement
For the 24 hours to 23:00 GMT, the Gold rose 0.15% against the USD and closed at USD1318.1 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1317.9, with gold trading marginally lower against the USD from yesterday’s close, as the dollar slid, after US President, Donald Trump announced plans to impose harsh tariffs on imported steel and aluminium.
The pair is expected to find support at 1306.9, and a fall through could take it to the next support level of 1295.9. The pair is expected to find its first resistance at 1325.6, and a rise through could take it to the next resistance level of 1333.3.
The yellow metal is trading above its 20 Hr and showing convergence with its 50 Hr moving average.
