Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.44% against the USD and closed at USD1279 per ounce, amid strength in the US dollar after the Federal Reserve opted to keep its interest rates steady.
In the Asian session, at GMT0300, the pair is trading at 1275.10, with gold trading 0.30% lower against the USD from yesterday’s close.
The pair is expected to find support at 1269.93, and a fall through could take it to the next support level of 1264.77. The pair is expected to find its first resistance at 1284.83, and a rise through could take it to the next resistance level of 1294.57.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
