Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.24% against the USD and closed at USD1468.70 per ounce, ahead of the Federal Reserve’s monetary policy meeting.
In the Asian session, at GMT0400, the pair is trading at 1467.90, with gold trading 0.05% lower against the USD from yesterday’s close.
The pair is expected to find support at 1463.50, and a fall through could take it to the next support level of 1459.10. The pair is expected to find its first resistance at 1473.00, and a rise through could take it to the next resistance level of 1478.10.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
