Gold Movement
For the 24 hours to 23:00 GMT, the Gold rose 0.77% against the USD and closed at USD1261.70 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1260.90, with the Gold trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 1253.8, and a fall through could take it to the next support level of 1246.7. The pair is expected to find its first resistance at 1265.1, and a rise through could take it to the next resistance level of 1269.3.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
