Gold Movement
For the 24 hours to 23:00 GMT, Gold trading flat against the USD and closed at USD1192.70 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1194.80, with gold trading 0.18% higher against the USD from yesterday’s close.
The pair is expected to find support at 1190.00, and a fall through could take it to the next support level of 1185.20. The pair is expected to find its first resistance at 1197.70, and a rise through could take it to the next resistance level of 1200.60.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
