Gold Movement
Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1205.93 per ounce.
In the Asian session, at GMT0400, Gold is trading at 1224.15, 1.51% higher from yesterday’s close.
Gold is expected to find support at 1217.64, and a fall through could take it to the next support level of 1211.14. Gold is expected to find its first resistance at 1218.29, and a rise through could take it to the next resistance level of 1212.44.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
