Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.26% against the USD and closed at USD1139.70 per ounce, extending its previous session gains.
In the Asian session, at GMT0400, the pair is trading at 1140.80, with the gold trading 0.1% higher from yesterday’s close.
The pair is expected to find support at 1138.07, and a fall through could take it to the next support level of 1135.33. The pair is expected to find its first resistance at 1143.97, and a rise through could take it to the next resistance level of 1147.13.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
