Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.21% against the USD and closed at USD1274.40 per ounce, amid broad strength in the US dollar.
In the Asian session, at GMT0300, the pair is trading at 1273.10, with gold trading 0.10% lower against the USD from yesterday’s close.
The pair is expected to find support at 1269.23, and a fall through could take it to the next support level of 1265.37. The pair is expected to find its first resistance at 1276.73, and a rise through could take it to the next resistance level of 1280.37.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
