Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.51% against the USD and closed at USD1345.50 per ounce, amid a broad weakness in the US Dollar.
In the Asian session, at GMT0300, the pair is trading at 1344.10, with the gold trading 0.1% lower against the USD from yesterday’s close.
The pair is expected to find support at 1333.57, and a fall through could take it to the next support level of 1323.03. The pair is expected to find its first resistance at 1352.17, and a rise through could take it to the next resistance level of 1360.23.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
