For the 24 hours to 23:00 GMT, Gold rose 1.24% against the USD and closed at USD1212.40 per ounce, amid a broad weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1211.10, with the gold trading 0.11% lower from yesterday’s close.
The pair is expected to find support at 1200.27, and a fall through could take it to the next support level of 1189.43. The pair is expected to find its first resistance at 1219.67, and a rise through could take it to the next resistance level of 1228.23.
The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.