Gold Movement
Gold prices traded lower by 0.43% against the USD in the 24-hour period ending 23:00GMT, at 1287.60 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1282.50, with the gold trading 0.4% lower from yesterday’s close.
The pair is expected to find support at 1274.63, and a fall through could take it to the next support level of 1266.77. The pair is expected to find its first resistance at 1297.13, and a rise through could take it to the next resistance level of 1311.77.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
