Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.22% against the USD and closed at USD1256.80 per ounce, surrendering its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 1256.90, with the gold trading a tad higher against the USD from yesterday’s close.
The pair is expected to find support at 1253.47, and a fall through could take it to the next support level of 1250.03. The pair is expected to find its first resistance at 1262.27, and a rise through could take it to the next resistance level of 1267.63.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
