Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.43% against the USD and closed at USD1297.20 per ounce, as weakness in the greenback boosted demand for the precious yellow metal.
In the Asian session, at GMT0400, the pair is trading at 1297.50, with gold trading slightly higher against the USD from yesterday’s close.
The pair is expected to find support at 1292.73, and a fall through could take it to the next support level of 1287.97. The pair is expected to find its first resistance at 1300.33, and a rise through could take it to the next resistance level of 1303.17.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
