Gold Movement
For the 24 hours to 23:00 GMT, the Gold declined 0.82% against the USD and closed at USD1251.90. per ounce, amid strength in the US Dollar.
In the Asian session, at GMT0300, the pair is trading at 1251.7, with the Gold trading a tad lower against the USD from yesterday’s close.
The pair is expected to find support at 1247.0333, and a fall through could take it to the next support level of 1242.3667. The pair is expected to find its first resistance at 1259.8333, and a rise through could take it to the next resistance level of 1267.9667.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
