Gold Movement
For the 24 hours to 23:00 GMT, the Gold rose 0.42% against the USD and closed at USD1277.20 per ounce, amid a slight weakness in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at 1276.60, with the Gold trading 0.05% lower from yesterday’s close.
The pair is expected to find support at 1270.96, and a fall through could take it to the next support level of 1265.33. The pair is expected to find its first resistance at 1281.06, and a rise through could take it to the next resistance level of 1285.53.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
