Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.19% against the USD and closed at USD1327.0 per ounce, with investors getting cautious ahead of the US Fed interest rate decision, due tonight.
In the Asian session, at GMT0300, the pair is trading at 1324.6, with the gold trading 0.18% lower from yesterday’s close.
The pair is expected to find support at 1319.93, and a fall through could take it to the next support level of 1315.27. The pair is expected to find its first resistance at 1330.63, and a rise through could take it to the next resistance level of 1336.67.
The yellow metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
