Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.08% against the USD and closed at USD1258.60 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1260.60, with gold trading 0.16% higher against the USD from yesterday’s close, amid Brexit uncertainty and weaker dollar.
The pair is expected to find support at 1256.77, and a fall through could take it to the next support level of 1252.93. The pair is expected to find its first resistance at 1265.67, and a rise through could take it to the next resistance level of 1270.73.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
