Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.82% against the USD and closed at USD1286.90 per ounce, amid broad strength in the US dollar.
In the Asian session, at GMT0300, the pair is trading at 1285.50, with gold trading 0.11% lower against the USD from yesterday’s close, extending its losses from the previous session.
The pair is expected to find support at 1280.03, and a fall through could take it to the next support level of 1274.57. The pair is expected to find its first resistance at 1295.13, and a rise through could take it to the next resistance level of 1304.77.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
