Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.12% against the USD and closed at USD1472.60 per ounce, as weakness in the US equities boosted demand for the safe haven asset.
In the Asian session, at GMT0400, the pair is trading at 1474.80, with gold trading 0.15% higher against the USD from yesterday’s close.
The pair is expected to find support at 1468.03, and a fall through could take it to the next support level of 1461.27. The pair is expected to find its first resistance at 1478.63, and a rise through could take it to the next resistance level of 1482.47.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
