Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.22% against the USD and closed at USD1352.70 per ounce, extending its previous session gains.
In the Asian session, at GMT0300, the pair is trading at USD1353.30, with gold trading slightly higher against the USD from yesterday’s close.
The pair is expected to find support at 1345.87, and a fall through could take it to the next support level of 1338.43. The pair is expected to find its first resistance at 1359.87, and a rise through could take it to the next resistance level of 1366.43.
The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
