Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally rose against the USD and closed at USD1247.50 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1254.00, with the gold trading 0.52% higher against the USD from yesterday’s close.
The pair is expected to find support at 1245.47, and a fall through could take it to the next support level of 1236.93. The pair is expected to find its first resistance at 1258.77, and a rise through could take it to the next resistance level of 1263.53.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
