For the 24 hours to 23:00 GMT, Gold rose 0.06% against the USD and closed at USD1277.50 per ounce, amid weakness in the greenback.

In the Asian session, at GMT0300, the pair is trading at 1275.70, with gold trading 0.14% lower against the USD from yesterday’s close.

The pair is expected to find support at 1273.07, and a fall through could take it to the next support level of 1270.43. The pair is expected to find its first resistance at 1278.57, and a rise through could take it to the next resistance level of 1281.43.

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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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