Gold Movement
For the 24 hours to 23:00 GMT, Gold slightly rose against the USD and closed at USD1284.30 per ounce, amid weakness in the US equities.
In the Asian session, at GMT0300, the pair is trading at 1282.60, with gold trading 0.13% lower against the USD from yesterday’s close.
The pair is expected to find support at 1279.63, and a fall through could take it to the next support level of 1276.67. The pair is expected to find its first resistance at 1287.93, and a rise through could take it to the next resistance level of 1293.27.
The yellow metal is trading below 20 Hr and 50 Hr moving averages.
