Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.54% against the USD and closed at USD1243.60 per ounce, amid strength in US equities.
In the Asian session, at GMT0400, the pair is trading at 1246.00, with gold trading 0.19% higher against the USD from yesterday’s close.
The pair is expected to find support at 1241.13, and a fall through could take it to the next support level of 1236.27. The pair is expected to find its first resistance at 1252.13, and a rise through could take it to the next resistance level of 1258.27.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
