Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 2.45% against the USD and closed at USD1226.90 per ounce, amid weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1224.30, with gold trading 0.21% lower against the USD from yesterday’s close.
The pair is expected to find support at 1203.00, and a fall through could take it to the next support level of 1181.70. The pair is expected to find its first resistance at 1237.80, and a rise through could take it to the next resistance level of 1251.30.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
