Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.92% against the USD and closed at USD1289.40 per ounce, amid a broad weakness in the greenback following dovish Fed minutes and fresh political unrest in the US.
In the Asian session, at GMT0300, the pair is trading at 1293.30, with the gold trading 0.30% higher against the USD from yesterday’s close.
The pair is expected to find support at 1279.27, and a fall through could take it to the next support level of 1265.23. The pair is expected to find its first resistance at 1301.27, and a rise through could take it to the next resistance level of 1309.23.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
