Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.64% against the USD and closed at USD1159.40 per ounce, despite strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1161.50, with the gold trading 0.18% higher from yesterday’s close.
The pair is expected to find support at 1150.00, and a fall through could take it to the next support level of 1138.50. The pair is expected to find its first resistance at 1169.50, and a rise through could take it to the next resistance level of 1177.50.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
