Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.47% against the USD and closed at USD1269.8 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1272.2, with gold trading 0.19% higher against the USD from yesterday’s close.
The pair is expected to find support at 1265.63, and a fall through could take it to the next support level of 1259.07. The pair is expected to find its first resistance at 1280.53, and a rise through could take it to the next resistance level of 1288.87.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
