Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.63% against the USD and closed at USD1257.00 per ounce, amid strength in the US equities.
In the Asian session, at GMT0300, the pair is trading at 1257.60, with the gold trading marginally higher from yesterday’s close.
The pair is expected to find support at 1251.77, and a fall through could take it to the next support level of 1245.93. The pair is expected to find its first resistance at 1266.57, and a rise through could take it to the next resistance level of 1275.53.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
