Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.17% against the USD and closed at USD1294.20 per ounce, after the latest Fed meeting minutes showed uncertainty on the US inflation outlook.
In the Asian session, at GMT0300, the pair is trading at 1295.60, with the gold trading 0.11% higher against the USD from yesterday’s close.
The pair is expected to find support at 1289.47, and a fall through could take it to the next support level of 1283.33. The pair is expected to find its first resistance at 1299.07, and a rise through could take it to the next resistance level of 1302.53.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
