Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.65% against the USD and closed at USD1292.9 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1295.50, with gold trading 0.20% higher against the USD from yesterday’s close.
The pair is expected to find support at 1283.87, and a fall through could take it to the next support level of 1272.23. The pair is expected to find its first resistance at 1302.47, and a rise through could take it to the next resistance level of 1309.43.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
