During Wednesday’s trading session, the yellow metal appreciated against the US Dollar to 1,315.00 level breaking the pattern line at 1,310.00. On Thursday morning, gold was trading sideways at the 1,318.54 mark.
In regards to the near-term future, most likely, the rata will be trading sideways to end the trading session at the 1,310.00 level.
Besides, the simple moving averages will try to catch up on the rate during the day.
