Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.18% against the USD and closed at USD 1342.00 per ounce, amid weakness in global equities.
In the Asian session, at GMT0300, the pair is trading at 1339.30, with the gold trading 0.2% lower from yesterday’s close.
The pair is expected to find support at 1335.17, and a fall through could take it to the next support level of 1331.03. The pair is expected to find its first resistance at 1344.77, and a rise through could take it to the next resistance level of 1350.23.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
