Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.5% against the USD and closed at USD1283.60 per ounce, amid weakness in the US equities.
In the Asian session, at GMT0300, the pair is trading at 1283.40, with the gold trading slightly lower against the USD from yesterday’s close.
The pair is expected to find support at 1276.23, and a fall through could take it to the next support level of 1269.07. The pair is expected to find its first resistance at 1287.93, and a rise through could take it to the next resistance level of 1292.47.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
