Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.33% against the USD and closed at USD1287.10 per ounce on Friday, as uncertainty ahead of first round of voting in France’s presidential election boosted demand for the precious yellow metal.
In the Asian session, at GMT0300, the pair is trading at 1276.30, with the gold trading 0.84% lower against the USD from Friday’s close.
The pair is expected to find support at 1269.90, and a fall through could take it to the next support level of 1263.50. The pair is expected to find its first resistance at 1286.40, and a rise through could take it to the next resistance level of 1296.50.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
