Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.32% against the USD and closed at USD1290.30 per ounce, amid weakness in the US dollar.
In the Asian session, at GMT0400, the pair is trading at 1284.60, with gold trading 0.44% lower against the USD from yesterday’s close.
The pair is expected to find support at 1280.47, and a fall through could take it to the next support level of 1276.33. The pair is expected to find its first resistance at 1292.87, and a rise through could take it to the next resistance level of 1301.13.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
