Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally rose against the USD and closed at USD1269.90 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1269.30, with gold trading slightly lower against the USD from yesterday’s close.
The pair is expected to find support at 1266.03, and a fall through could take it to the next support level of 1262.77. The pair is expected to find its first resistance at 1272.53, and a rise through could take it to the next resistance level of 1275.77.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
