Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally rose against the USD and closed at USD1306.10 per ounce, amid weakness in US Dollar.
In the Asian session, at GMT0300, the pair is trading at 1306.60, with gold trading slightly higher against the USD from yesterday’s close.
The pair is expected to find support at 1301.10, and a fall through could take it to the next support level of 1295.60. The pair is expected to find its first resistance at 1311.00, and a rise through could take it to the next resistance level of 1315.40.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
