Gold Movement
For the 24 hours to 23:00 GMT, the Gold rose 0.4% against the USD and closed at USD1351.90 per ounce, as weakness in global equities increased demand for the precious yellow metal.
In the Asian session, at GMT0400, the pair is trading at 1351.10, with gold trading 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 1342.77, and a fall through could take it to the next support level of 1334.43. The pair is expected to find its first resistance at 1356.87, and a rise through could take it to the next resistance level of 1362.63.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
