Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.54% against the USD and closed at USD1270.40 per ounce, amid broad strength in the greenback and global equities.
In the Asian session, at GMT0300, the pair is trading at 1269.00, with gold trading 0.11% lower against the USD from yesterday’s close.
The pair is expected to find support at 1265.40, and a fall through could take it to the next support level of 1261.80. The pair is expected to find its first resistance at 1275.60, and a rise through could take it to the next resistance level of 1282.20.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
