Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.49% against the USD and closed at USD1286.90 per ounce, amid a broad strength in the greenback as concerns of a possible nuclear war between the US and North Korea receded.
In the Asian session, at GMT0300, the pair is trading at 1281.30, with the gold trading 0.44% lower against the USD from yesterday’s close.
The pair is expected to find support at 1273.80, and a fall through could take it to the next support level of 1266.30. The pair is expected to find its first resistance at 1292.00, and a rise through could take it to the next resistance level of 1302.70.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
