Gold Movement
For the 24 hours to 23:00 GMT, Gold slightly rose against the USD and closed at USD1338.50 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1341.20, with the gold trading 0.2% higher against the USD from yesterday’s close, as the latest nuclear test conducted by North Korea continued to weigh on investor sentiment.
The pair is expected to find support at 1336.77, and a fall through could take it to the next support level of 1332.33. The pair is expected to find its first resistance at 1345.57, and a rise through could take it to the next resistance level of 1349.93.
The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
