Gold Movement
Gold prices traded lower by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1255.60 per ounce, extending its previous session losses.
In the Asian session, at GMT0300, the pair is trading at 1256.3, with the gold trading 0.06% higher from yesterday’s close.
The pair is expected to find support at 1250.0667, and a fall through could take it to the next support level of 1243.8333. The pair is expected to find its first resistance at 1260.5667, and a rise through could take it to the next resistance level of 1264.8333.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
