Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.21% against the USD and closed at 1263.80, reversing its previous session gains, amid a broad strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1255.30, with the gold trading 0.67% lower from yesterday’s close.
The pair is expected to find support at 1245.40, and a fall through could take it to the next support level of 1235.50. The pair is expected to find its first resistance at 1272.10, and a rise through could take it to the next resistance level of 1288.90.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
