Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.05% against the USD and closed at USD1277.20 per ounce, buoyed by weakness in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at USD1277.50 per ounce, with Gold trading marginally higher from yesterday’s close.
The pair is expected to find support at 1272.63, and a fall through could take it to the next support level of 1267.76. The pair is expected to find its first resistance at 1283.73, and a rise through could take it to the next resistance level of 1289.96.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
