Gold Movement
Gold prices traded higher by 0.38% against the USD in the 24-hour period ending 23:00GMT, at 1248.40 per ounce, as investors sought solace in the safe-haven asset after reports of deadly terrorist attacks in Brussels.
In the Asian session, at GMT0400, the pair is trading at 1242.5, with the gold trading 0.47% lower from yesterday’s close.
The pair is expected to find support at 1235.70, and a fall through could take it to the next support level of 1228.90. The pair is expected to find its first resistance at 1255.10, and a rise through could take it to the next resistance level of 1267.70.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
