During Monday’s trading session, the yellow metal was supported by the 100-hour simple moving average to end the trading session at 1302.00. On Tuesday morning, the rate was located at the 1,305.92 mark.
In regards to the near-term future, it is expected, that the 55-hour and the 100-hour simple moving averages will support the rate to push it to the 1,308.00 level.
