Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.64% against the USD and closed at USD1211.40 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1210.90, with gold trading a tad lower against the USD from yesterday’s close.
The pair is expected to find support at 1200.27, and a fall through could take it to the next support level of 1189.63. The pair is expected to find its first resistance at 1219.37, and a rise through could take it to the next resistance level of 1227.83.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
