Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.2% against the USD and closed at USD1353.60 per ounce, amid a broad weakness in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 1356.80, with gold trading 0.24% higher against the USD from yesterday’s close.
The pair is expected to find support at 1331.07, and a fall through could take it to the next support level of 1305.33. The pair is expected to find its first resistance at 1370.57, and a rise through could take it to the next resistance level of 1384.33.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
