Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.26% against the USD and closed at 1203.20, amid a broad strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1209.10, with the gold trading 0.49% higher from yesterday’s close.
The pair is expected to find support at 1194.53, and a fall through could take it to the next support level of 1179.97. The pair is expected to find its first resistance at 1220.63, and a rise through could take it to the next resistance level of 1232.17.
The yellow metal showing convergence with its 20 Hr and 50 Hr moving averages.
