Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.05% against the USD and closed at USD1296.20 per ounce, amid broad strength in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 1297.70, with gold trading 0.12% higher against the USD from yesterday’s close.
The pair is expected to find support at 1291.47, and a fall through could take it to the next support level of 1285.23. The pair is expected to find its first resistance at 1304.97, and a rise through could take it to the next resistance level of 1312.23.
The yellow metal is trading in between its 20 Hr and 50 Hr moving averages.
