Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.63% against the USD and closed at USD1220.80 per ounce, amid strength in the US dollar.
In the Asian session, at GMT0400, the pair is trading at 1220.50, with gold trading a tad lower against the USD from yesterday’s close.
The pair is expected to find support at 1214.97, and a fall through could take it to the next support level of 1209.43. The pair is expected to find its first resistance at 1228.87, and a rise through could take it to the next resistance level of 1237.23.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
