Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.57% against the USD and closed at USD1228.40 per ounce, as uncertainty spurred over the economic policies of US President-elect Donald Trump.
In the Asian session, at GMT0400, the pair is trading at 1231.60, with the gold trading 0.26% higher from yesterday’s close.
The pair is expected to find support at 1222.43, and a fall through could take it to the next support level of 1213.27. The pair is expected to find its first resistance at 1236.93, and a rise through could take it to the next resistance level of 1242.27.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
