Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.35% against the USD and closed at USD1303.40 per ounce, amid speculation that the Federal Reserve would maintain a dovish stance at its policy meeting.
In the Asian session, at GMT0400, the pair is trading at 1307.30, with gold trading 0.30% higher against the USD from yesterday’s close.
The pair is expected to find support at 1301.17, and a fall through could take it to the next support level of 1295.03. The pair is expected to find its first resistance at 1310.47, and a rise through could take it to the next resistance level of 1313.63.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
