Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.19% against the USD and closed at USD1280.30 per ounce, amid a broad weakness in the greenback and losses in global equities.
In the Asian session, at GMT0400, the pair is trading at 1282.00, with Gold trading 0.13% higher against the USD from yesterday’s close.
The pair is expected to find support at 1273.20, and a fall through could take it to the next support level of 1264.40. The pair is expected to find its first resistance at 1287.30, and a rise through could take it to the next resistance level of 1292.60.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
