Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.48% against the USD and closed at USD1275.70 per ounce, amid strength in the US Dollar.
In the Asian session, at GMT0400, the pair is trading at USD1278.10 per ounce, with Gold trading 0.19% higher from yesterday’s close.
The pair is expected to find support at 1273.33, and a fall through could take it to the next support level of 1268.56. The pair is expected to find its first resistance at 1281.83, and a rise through could take it to the next resistance level of 1285.56.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
