Gold Movement
Gold prices traded lower by 0.98% against the USD in the 24-hour period ending 23:00GMT, at 1267.00 per ounce, reversing its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 1268.60, with the gold trading 0.13% higher from yesterday’s close.
The pair is expected to find support at 1260.17, and a fall through could take it to the next support level of 1251.73. The pair is expected to find its first resistance at 1279.77, and a rise through could take it to the next resistance level of 1290.93.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
