Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.71% against the USD and closed at USD1430.10 per ounce, amid weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1423.90, with gold trading 0.43% lower against the USD from yesterday’s close.
The pair is expected to find support at 1406.17, and a fall through could take it to the next support level of 1388.43. The pair is expected to find its first resistance at 1436.77, and a rise through could take it to the next resistance level of 1449.63.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
