Gold Movement
Gold prices traded 0.86% lower against the USD in the 24-hour period ending 23:00GMT, at USD 1284.20 per ounce, reversing its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 1285.30, with the gold trading 0.09% higher from yesterday’s close.
The pair is expected to find support at 1269.77, and a fall through could take it to the next support level of 1254.23. The pair is expected to find its first resistance at 1309.87, and a rise through could take it to the next resistance level of 1334.43.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
