Gold Movement
Gold prices traded higher by 1.32% against the USD in the 24-hour period ending 23:00GMT, at 1270.30 per ounce, amid a weaker greenback.
In the Asian session, at GMT0400, the pair is trading at 1271, with the gold trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 1243.07, and a fall through could take it to the next support level of 1215.13. The pair is expected to find its first resistance at 1293.37, and a rise through could take it to the next resistance level of 1315.73.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
