Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.44% against the USD and closed at USD1253.50 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1267.80, with the gold trading 1.14% higher against the USD from yesterday’s close.
The pair is expected to find support at 1255.57, and a fall through could take it to the next support level of 1243.33. The pair is expected to find its first resistance at 1275.77, and a rise through could take it to the next resistance level of 1283.73.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
