Gold Movement
Gold prices traded 0.22% lower against the USD in the 24-hour period ending 23:00GMT, at USD1261.50 per ounce, dropping for the fourth consecutive session.
In the Asian session, at GMT0300, the pair is trading at 1302.90, with the gold trading 3.28% higher from yesterday’s close.
The pair is expected to find support at 1267.80, and a fall through could take it to the next support level of 1232.70. The pair is expected to find its first resistance at 1323.00, and a rise through could take it to the next resistance level of 1343.10.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
