Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.54% against the USD and closed at USD1263.00 per ounce, extending its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 1264.50, with the gold trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 1259.20, and a fall through could take it to the next support level of 1253.90. The pair is expected to find its first resistance at 1267.80, and a rise through could take it to the next resistance level of 1271.10.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
