Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.63% against the USD and closed at USD1211.30 per ounce, amid strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1207.90, with the gold trading 0.28% lower from yesterday’s close.
The pair is expected to find support at 1203.50, and a fall through could take it to the next support level of 1199.10. The pair is expected to find its first resistance at 1216.30, and a rise through could take it to the next resistance level of 1224.70.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
