For the 24 hours to 23:00 GMT, Gold declined 0.89% against the USD and closed at USD1279.60 per ounce, amid strength in the US dollar.

In the Asian session, at GMT0300, the pair is trading at 1279.70, with gold trading a tad higher against the USD from yesterday’s close.

The pair is expected to find support at 1273.37, and a fall through could take it to the next support level of 1267.03. The pair is expected to find its first resistance at 1288.17, and a rise through could take it to the next resistance level of 1296.63.

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The yellow metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

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