Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.23% against the USD and closed at USD1285.80 per ounce, amid weakness in US equities and as geopolitical tensions between the US and North Korea supported the precious metal prices.
In the Asian session, at GMT0300, the pair is trading at 1289.10, with the gold trading 0.26% higher against the USD from yesterday’s close.
The pair is expected to find support at 1283.73, and a fall through could take it to the next support level of 1278.37. The pair is expected to find its first resistance at 1292.53, and a rise through could take it to the next resistance level of 1295.97.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
