Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.07% against the USD and closed at USD1350.30 per ounce, reversing its previous session losses.
In the Asian session, at GMT0300, the pair is trading at 1347.20, with gold trading 0.23% lower against the USD from yesterday’s close.
The pair is expected to find support at 1341.07, and a fall through could take it to the next support level of 1334.93. The pair is expected to find its first resistance at 1352.47, and a rise through could take it to the next resistance level of 1357.73.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
