Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.74% against the USD and closed at USD1256.00 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1253.90, with the gold trading 0.17% lower against the USD from yesterday’s close.
The pair is expected to find support at 1248.40, and a fall through could take it to the next support level of 1242.90. The pair is expected to find its first resistance at 1263.70, and a rise through could take it to the next resistance level of 1273.50.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
