Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.15% against the USD and closed at USD1221.30 per ounce, amid weakness in US dollar.
In the Asian session, at GMT0300, the pair is trading at 1222.40, with gold trading 0.09% higher against the USD from yesterday’s close.
The pair is expected to find support at 1216.07, and a fall through could take it to the next support level of 1209.73. The pair is expected to find its first resistance at 1226.27, and a rise through could take it to the next resistance level of 1230.13.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
