Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.57% against the USD and closed at USD1246.70 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1247.60, with gold trading 0.07% higher against the USD from yesterday’s close.
The pair is expected to find support at 1241.20, and a fall through could take it to the next support level of 1234.80. The pair is expected to find its first resistance at 1258.10, and a rise through could take it to the next resistance level of 1268.60.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
