Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.36% against the USD and closed at USD1291.40 per ounce, amid weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1292.60, with gold trading 0.09% higher against the USD from yesterday’s close.
The pair is expected to find support at 1288.13, and a fall through could take it to the next support level of 1283.67. The pair is expected to find its first resistance at 1295.13, and a rise through could take it to the next resistance level of 1297.67.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
