Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.55% against the USD and closed at USD1334.50 per ounce, as the latest geopolitical tension surrounding North Korea revived safe-haven demand of the precious yellow metal.
In the Asian session, at GMT0300, the pair is trading at 1334.90, with the gold trading slightly higher against the USD from yesterday’s close.
The pair is expected to find support at 1323.53, and a fall through could take it to the next support level of 1312.17. The pair is expected to find its first resistance at 1342.23, and a rise through could take it to the next resistance level of 1349.57.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
