Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.66% against the USD and closed at USD1342.40 per ounce, as a sharp decline in global equities increased demand for the safe-haven yellow metal.
In the Asian session, at GMT0400, the pair is trading at 1346.80, with gold trading 0.33% higher against the USD from yesterday’s close.
The pair is expected to find support at 1336.50, and a fall through could take it to the next support level of 1326.20. The pair is expected to find its first resistance at 1353.20, and a rise through could take it to the next resistance level of 1359.60.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
