Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.14% against the USD and closed at USD1248.40 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1250.10, with gold trading 0.14% higher against the USD from yesterday’s close.
The pair is expected to find support at 1245.57, and a fall through could take it to the next support level of 1241.03. The pair is expected to find its first resistance at 1254.87, and a rise through could take it to the next resistance level of 1259.63.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
