Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally rose against the USD and closed at USD1270.20 per ounce, buoyed by geopolitical tensions.
In the Asian session, at GMT0300, the pair is trading at 1273.00, with the gold trading 0.22% higher from yesterday’s close.
The pair is expected to find support at 1269.50, and a fall through could take it to the next support level of 1266.00. The pair is expected to find its first resistance at 1274.90, and a rise through could take it to the next resistance level of 1276.80.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
