Gold Movement
Gold prices traded lower by 0.11% against the USD in the 24 hour period ending 23:00GMT, at 1257.18 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1261.85, 0.37% higher from yesterday’s close.
Gold is expected to find support at 1254.08, and a fall through could take it to the next support level of 1246.32. Gold is expected to find its first resistance at 1268.54, and a rise through could take it to the next resistance level of 1275.24.
The yellow metal is trading just above its 20 Hr and 50 Hr moving averages.
