Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.72% against the USD and closed at USD1291.00 per ounce, amid a broad strength in the US Dollar.
In the Asian session, at GMT0300, the pair is trading at 1293.70, with gold trading 0.21% higher against the USD from yesterday’s close.
The pair is expected to find support at 1283.27, and a fall through could take it to the next support level of 1272.83. The pair is expected to find its first resistance at 1309.07, and a rise through could take it to the next resistance level of 1324.43.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
