Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.38% against the USD and closed at USD1316.60 per ounce, amid weakness in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 1316.00, with gold trading 0.10% lower against the USD from yesterday’s close, amid expectations that the US Federal Reserve would raise interest rates this week.
The pair is expected to find support at 1309.07, and a fall through could take it to the next support level of 1302.13. The pair is expected to find its first resistance at 1321.27, and a rise through could take it to the next resistance level of 1326.53.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
