Gold: Yellow metal trading slightly higher in the Asian session

Gold

Gold Movement

For the 24 hours to 23:00 GMT, Gold slightly rose against the USD and closed at USD1480.50 per ounce.

In the Asian session, at GMT0400, the pair is trading at 1480.80, with gold trading a tad higher against the USD from yesterday’s close.

The pair is expected to find support at 1477.83, and a fall through could take it to the next support level of 1474.87. The pair is expected to find its first resistance at 1484.33, and a rise through could take it to the next resistance level of 1487.87.

The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.

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