Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.36% against the USD and closed at 1342.8 per ounce, amid weakness in global equities.
In the Asian session, at GMT0300, the pair is trading at 1341.4, with the gold trading 0.1% lower from yesterday’s close.
The pair is expected to find support at 1336.47, and a fall through could take it to the next support level of 1331.53. The pair is expected to find its first resistance at 1345.27, and a rise through could take it to the next resistance level of 1349.13.
The yellow metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
