Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.51% against the USD and closed at USD1332.00 per ounce, aided by weakness in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 1338.00, with gold trading 0.45% higher against the USD from yesterday’s close.
The pair is expected to find support at 1329.30, and a fall through could take it to the next support level of 1320.60. The pair is expected to find its first resistance at 1342.50, and a rise through could take it to the next resistance level of 1347.00.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
