Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.39% against the USD and closed at USD1276.0 per ounce, after the US Fed decided to keep interest rates unchanged at its latest meeting.
In the Asian session, at GMT0400, the pair is trading at USD1280.60 per ounce, with the precious metal trading 0.36% higher from yesterday’s close.
The pair is expected to find support at 1272.90, and a fall through could take it to the next support level of 1265.20. The pair is expected to find its first resistance at 1285.40, and a rise through could take it to the next resistance level of 1290.20.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
