Gold Movement
Gold prices traded higher by 1.08% against the USD in the 24 hour period ending 23:00GMT, at 1249.61 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1246.13, 0.28% lower from yesterday’s close.
Gold is expected to find support at 1238.70, and a fall through could take it to the next support level of 1231.27. Gold is expected to find its first resistance at 1257.13, and a rise through could take it to the next resistance level of 1268.13.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
