Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.27% against the USD and closed at USD1417.90 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1414.80, with gold trading 0.22% lower against the USD from yesterday’s close.
The pair is expected to find support at 1409.40, and a fall through could take it to the next support level of 1404. The pair is expected to find its first resistance at 1420.10, and a rise through could take it to the next resistance level of 1425.40.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
