Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.26% against the USD and closed at USD1164.20 per ounce, amid a broad weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1164.30, with the gold trading slightly higher from yesterday’s close.
The pair is expected to find support at 1155.23, and a fall through could take it to the next support level of 1146.17. The pair is expected to find its first resistance at 1170.63, and a rise through could take it to the next resistance level of 1176.97.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
