Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.98% against the USD and closed at USD1345.90 per ounce, amid weakness in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 1345.90, with gold trading flat against the USD from yesterday’s close.
The pair is expected to find support at 1338.17, and a fall through could take it to the next support level of 1330.43. The pair is expected to find its first resistance at 1350.27, and a rise through could take it to the next resistance level of 1354.63.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
