Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.71% against the USD and closed at USD 1343.3 per ounce, amid a broad weakness in the US Dollar.
In the Asian session, at GMT0300, the pair is trading at 1340.4, with the gold trading 0.22% lower from yesterday’s close.
The pair is expected to find support at 1331.47, and a fall through could take it to the next support level of 1322.53. The pair is expected to find its first resistance at 1348.67, and a rise through could take it to the next resistance level of 1356.93.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
