Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.05% against the USD and closed at USD1296.60 per ounce, amid strength in the global equites.
In the Asian session, at GMT0300, the pair is trading at 1295.80, with gold trading 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 1292.30, and a fall through could take it to the next support level of 1288.80. The pair is expected to find its first resistance at 1300.80, and a rise through could take it to the next resistance level of 1305.80.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
