For the 24 hours to 23:00 GMT, Gold rose 0.43% against the USD and closed at USD1276.30 per ounce on Friday, as geopolitical tensions resurfaced after a Russian lawmaker hinted that North Korea may be preparing another missile test.
In the Asian session, at GMT0300, the pair is trading at 1285.50, with the gold trading 0.72% higher against the USD from Friday’s close.
The pair is expected to find support at 1269.73, and a fall through could take it to the next support level of 1253.97. The pair is expected to find its first resistance at 1294.33, and a rise through could take it to the next resistance level of 1303.17.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.