Gold Movement
Gold prices traded lower by 0.63% against the USD in the 24 hour period ending 23:00GMT, at 1283.79 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1279.10, 0.37% lower from yesterday’s close.
Gold is expected to find support at 1271.18, and a fall through could take it to the next support level of 1263.26. Gold is expected to find its first resistance at 1290.11, and a rise through could take it to the next resistance level of 1301.12.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
