Gold Movement
For the 24 hours to 23:00 GMT, the Gold traded flat against the USD and closed at USD1282.70 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1286.90, with the Gold trading 0.33% higher from yesterday’s close.
The pair is expected to find support at 1282.20, and a fall through could take it to the next support level of 1277.50. The pair is expected to find its first resistance at 1289.60, and a rise through could take it to the next resistance level of 1292.30.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
