Gold Movement
Gold prices traded tad higher against the USD in the 24 hour period ending 23:00GMT, at 1287.50 per ounce, as tensions continued between Russia and Ukraine, raising yellow-metal’s appeal as safe-haven.
In the Asian session, at GMT0300, the pair is trading at 1283.4, with the gold trading 0.32% lower from yesterday’s close.
The pair is expected to find support at 1279.9, and a fall through could take it to the next support level of 1276.4. The pair is expected to find its first resistance at 1288.9, and a rise through could take it to the next resistance level of 1294.4.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
