Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally rose against the USD and closed at USD1278.50 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1283.10, with the gold trading 0.36% higher against the USD from yesterday’s close.
The pair is expected to find support at 1277.33, and a fall through could take it to the next support level of 1271.57. The pair is expected to find its first resistance at 1286.43, and a rise through could take it to the next resistance level of 1289.77.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
