Gold Movement
For the 24 hours to 23:00 GMT, Gold declined slightly against the USD and closed at USD1277.50 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1277.80, with the gold trading marginally higher from yesterday’s close.
The pair is expected to find support at 1273.27, and a fall through could take it to the next support level of 1268.73. The pair is expected to find its first resistance at 1280.97, and a rise through could take it to the next resistance level of 1284.13.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
