For the 24 hours to 23:00 GMT, Gold rose 0.38% against the USD and closed at USD1304.10 per ounce, amid a broad weakness in US Dollar and US equities.
In the Asian session, at GMT0300, the pair is trading at 1301.60, with gold trading 0.19% lower against the USD from yesterday’s close.
The pair is expected to find support at 1295.67, and a fall through could take it to the next support level of 1289.73. The pair is expected to find its first resistance at 1306.37, and a rise through could take it to the next resistance level of 1311.13.
The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
