Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.57% against the USD and closed at USD1327.3 per ounce, extending its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 1327, with the gold trading slightly lower from yesterday’s close.
The pair is expected to find support at 1320.57, and a fall through could take it to the next support level of 1314.13. The pair is expected to find its first resistance at 1331.17, and a rise through could take it to the next resistance level of 1335.33.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
