Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.26% against the USD and closed at USD1268.40 per ounce, amid a stronger greenback and strength in global equities.
In the Asian session, at GMT0300, the pair is trading at 1262.70, with the gold trading 0.45% lower from yesterday’s close.
The pair is expected to find support at 1259.13, and a fall through could take it to the next support level of 1255.57. The pair is expected to find its first resistance at 1269.53, and a rise through could take it to the next resistance level of 1276.37.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
