Gold Movement
Gold prices traded lower by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1215.10 per ounce, extending its previous session losses.
In the Asian session, at GMT0300, the pair is trading at 1218.6, with the gold trading 0.29% higher from yesterday’s close.
The pair is expected to find support at 1212.8667, and a fall through could take it to the next support level of 1207.1333. The pair is expected to find its first resistance at 1222.6667, and a rise through could take it to the next resistance level of 1226.7333.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
