Gold Movement
Gold prices traded higher by 1.12% against the USD in the 24 hour period ending 23:00GMT, at 1251.93 per ounce, as the greenback weakened.
In the Asian session, at GMT0400, Gold is trading at 1252.66, 0.06% higher from yesterday’s close.
Gold is expected to find support at 1232.71, and a fall through could take it to the next support level of 1212.76. Gold is expected to find its first resistance at 1265.45, and a rise through could take it to the next resistance level of 1278.24.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
