Gold Movement
For the 24 hours to 23:00 GMT, Gold slightly rose against the USD and closed at USD1275.00 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1272.70, with the gold trading 0.18% lower against the USD from yesterday’s close.
The pair is expected to find support at 1267.30, and a fall through could take it to the next support level of 1261.90. The pair is expected to find its first resistance at 1279.20, and a rise through could take it to the next resistance level of 1285.70.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
