Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.24% against the USD and closed at USD1285.10 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1284.80, with gold trading slightly lower against the USD from yesterday’s close.
The pair is expected to find support at 1280.40, and a fall through could take it to the next support level of 1276.00. The pair is expected to find its first resistance at 1289.20, and a rise through could take it to the next resistance level of 1293.60.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
