Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.39% against the USD and closed at USD1248.10 per ounce, amid a broad weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1252.60, with the gold trading 0.36% higher against the USD from yesterday’s close.
The pair is expected to find support at 1246.27, and a fall through could take it to the next support level of 1239.93. The pair is expected to find its first resistance at 1256.37, and a rise through could take it to the next resistance level of 1260.13.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
