Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.14% against the USD and closed at USD1333.40 per ounce, as a softer greenback increased demand for the precious yellow metal.
In the Asian session, at GMT0400, the pair is trading at 1335.70, with gold trading 0.17% higher against the USD from yesterday’s close.
The pair is expected to find support at 1330.17, and a fall through could take it to the next support level of 1324.63. The pair is expected to find its first resistance at 1339.07, and a rise through could take it to the next resistance level of 1342.43.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
