Gold Movement
Gold prices traded 0.15% higher against the USD in the 24-hour period ending 23:00GMT, at USD 1255.50 per ounce, as uncertainty about Brexit talks, French elections and the US President Donald Trump’s economic policies boosted demand for the safe-haven yellow metal.
In the Asian session, at GMT0300, the pair is trading at 1251.4, with the gold trading 0.33% lower against the USD from yesterday’s close.
The pair is expected to find support at 1248.43, and a fall through could take it to the next support level of 1245.47. The pair is expected to find its first resistance at 1255.93, and a rise through could take it to the next resistance level of 1260.47.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
