Gold Movement
Gold prices traded higher by 0.11% against the USD in the 24 hour period ending 23:00GMT, at 1285.03 per ounce.
In the Asian session, at GMT0300, Gold is trading at 1284.72, marginally lower from yesterday’s close.
Gold is expected to find support at 1275.49, and a fall through could take it to the next support level of 1266.27. Gold is expected to find its first resistance at 1296.33, and a rise through could take it to the next resistance level of 1307.95.
The yellow metal is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
