Gold Movement
Gold prices traded 0.53% lower against the USD in the 24 hour period ending 23:00GMT, at 1226.07 per ounce, hurt by a stronger US Dollar.
In the Asian session, at GMT0400, Gold is trading at 1227.54, 0.12% higher from yesterday’s close.
Gold is expected to find support at 1220.11, and a fall through could take it to the next support level of 1212.68. Gold is expected to find its first resistance at 1233.49, and a rise through could take it to the next resistance level of 1239.44.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
