Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.58% against the USD and closed at USD1309.10 per ounce, amid broad weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1304.30, with gold trading 0.37% lower against the USD from yesterday’s close.
The pair is expected to find support at 1301.47, and a fall through could take it to the next support level of 1298.63. The pair is expected to find its first resistance at 1309.37, and a rise through could take it to the next resistance level of 1314.43.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
