Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.15% against the USD and closed at USD1354.7 per ounce, after the FOMC minutes showed that policymakers were split over a rate hike in September.
In the Asian session, at GMT0300, the pair is trading at 1359.6, with the gold trading 0.36% higher from yesterday’s close, extending earlier session gains.
The pair is expected to find support at 1346.23, and a fall through could take it to the next support level of 1332.87. The pair is expected to find its first resistance at 1367.23, and a rise through could take it to the next resistance level of 1374.87.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
