Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.46% against the USD and closed at USD1228.80 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1228.10, with gold trading 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 1222.70, and a fall through could take it to the next support level of 1217.30. The pair is expected to find its first resistance at 1234.00, and a rise through could take it to the next resistance level of 1239.90.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
