Gold Movement
Gold prices traded higher by 0.53% against the USD in the 24 hour period ending 23:00GMT, at 1343.11 per ounce, buoyed by expectations for more demand from China and due to weakness in the greenback.
In the Asian session, at GMT0300, Gold is trading at 1341.84, 0.09% lower from yesterday’s close.
Gold is expected to find support at 1329.52, and a fall through could take it to the next support level of 1317.21. Gold is expected to find its first resistance at 1351.40, and a rise through could take it to the next resistance level of 1360.97.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
