Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.34% against the USD and closed at USD1296.60 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1296.50, with gold trading a tad lower against the USD from yesterday’s close.
The pair is expected to find support at 1291.43, and a fall through could take it to the next support level of 1286.37. The pair is expected to find its first resistance at 1299.63, and a rise through could take it to the next resistance level of 1302.77.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
