Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.33% against the USD and closed at USD1269.10 per ounce, as investors piled into safe-haven currency amid uncertainty over the overall impact of a major tax overhaul plan on the US economy.
In the Asian session, at GMT0400, the pair is trading at 1271.10, with gold trading 0.16% higher against the USD from yesterday’s close.
The pair is expected to find support at 1267.07, and a fall through could take it to the next support level of 1263.03. The pair is expected to find its first resistance at 1273.47, and a rise through could take it to the next resistance level of 1275.83.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
