Yesterday, gold traded 0.39% higher in the New York session and ended at USD1291.90 per ounce.
In the Asian session, at GMT0500, the precious metal is trading at USD1288.80 per ounce, 0.24% lower from the New York close.
The precious metal is expected to find its first support at USD1281.47 per ounce and first resistance at USD1295.27 per ounce. The second support is expected at USD1274.13 per ounce and second resistance at USD1301.73 per ounce.
StochRSI has moved up from the oversold territory, generating a bullish signal.
Crude oil fell in the New York session yesterday, closing 0.13% lower at USD52.36 per barrel.
At GMT0500, the commodity is trading at USD52.31 per barrel, 0.1% lower from the New York close.
The commodity is expected to find its first support at USD51.99 per barrel and first resistance at USD52.74 per barrel. The second support is expected at USD51.67 per barrel and second resistance at USD53.17 per barrel.
The Moving Average of CCI has crossed 100 from above hinting that the upside might remain limited.