Gold Movement
For the 24 hours to 23:00 GMT, Gold rose slightly against the USD and closed at USD1342.2 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1341.6, with the gold trading marginally lower from yesterday’s close.
The pair is expected to find support at 1337.4, and a fall through could take it to the next support level of 1333.2. The pair is expected to find its first resistance at 1347.3, and a rise through could take it to the next resistance level of 1353.0.
The yellow metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
