Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.74% against the USD and closed at USD1370.3 per ounce, on the back of weakness in global equities.
In the Asian session, at GMT0300, the pair is trading at 1369.3, with the gold trading 0.07% lower from yesterday’s close.
The pair is expected to find support at 1357.27, and a fall through could take it to the next support level of 1345.23. The pair is expected to find its first resistance at 1377.77, and a rise through could take it to the next resistance level of 1386.23.
The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
