Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.83% against the USD and closed at USD1253.9 per ounce, amid broad weakness in greenback.
In the Asian session, at GMT0300, the pair is trading at 1259.00, with gold trading 0.41% higher against the USD from yesterday’s close.
The pair is expected to find support at 1244.63, and a fall through could take it to the next support level of 1230.27. The pair is expected to find its first resistance at 1267.53, and a rise through could take it to the next resistance level of 1276.07.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
