Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.60% against the USD and closed at USD1216.70 per ounce, amid strength in the US dollar and US equities.
In the Asian session, at GMT0400, the pair is trading at 1219.30, with gold trading 0.21% higher against the USD from yesterday’s close.
The pair is expected to find support at 1214.33, and a fall through could take it to the next support level of 1209.37. The pair is expected to find its first resistance at 1223.33, and a rise through could take it to the next resistance level of 1227.37.
The yellow metal is trading between its 20 Hr and 50 Hr moving average.
