Gold Movement
Gold prices traded higher by 0.09% against the USD in the 24 hour period ending 23:00GMT, at USD1,363.58 per ounce.
In the Asian session at 4:00GMT, gold is trading at USD 1,362.31 per ounce, 0.09% lower from 23:00GMT.
The pair is expected to find its first short term resistance at USD 1,367.15, with the next resistance at USD 1,371.99. The pair is expected to find support at USD 1,357.53 and subsequently at USD 1,352.75.
The pair is showing convergence with its 50 Hr moving average and is slightly above its 20 Hr moving average.
