Gold Movement
For the 24 hours to 23:00 GMT, the Gold declined 0.14% against the USD and closed at USD1259.10 per ounce, amid gains in the US equity markets.
In the Asian session, at GMT0300, the pair is trading at 1260.80, with the Gold trading 0.14% higher against the USD from yesterday’s close.
The pair is expected to find support at 1257.06, and a fall through could take it to the next support level of 1253.33. The pair is expected to find its first resistance at 1263.67, and a rise through could take it to the next resistance level of 1266.53.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
