Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.34% against the USD and closed at USD1561.10 per ounce, amid fall in the 10-year US treasury yields.
In the Asian session, at GMT0300, the pair is trading at 1553.00, with gold trading 0.52% lower against the USD from yesterday’s close.
The pair is expected to find support at 1541.67, and a fall through could take it to the next support level of 1530.33. The pair is expected to find its first resistance at 1565.27, and a rise through could take it to the next resistance level of 1577.53.
The yellow metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
