Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.45% against the USD and closed at 1353.0, on the back of a broad weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1349.5, with the gold trading 0.26% lower from yesterday’s close.
The pair is expected to find support at 1343.2, and a fall through could take it to the next support level of 1336.9. The pair is expected to find its first resistance at 1359.7, and a rise through could take it to the next resistance level of 1369.9.
The yellow metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
