Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.71% against the USD and closed at USD1250.30 per ounce, reversing its previous session losses.
In the Asian session, at GMT0300, the pair is trading at 1251.10, with the gold trading 0.06% higher against the USD from yesterday’s close.
The pair is expected to find support at 1241.17, and a fall through could take it to the next support level of 1231.23. The pair is expected to find its first resistance at 1257.47, and a rise through could take it to the next resistance level of 1263.83.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
