Gold Movement
Gold prices traded higher by 0.62% against the USD in the 24-hour period ending 23:00GMT, at 1212.00 per ounce, amid a broad weakness in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1215.40, with the gold trading 0.28% higher from yesterday’s close.
The pair is expected to find support at 1205.70, and a fall through could take it to the next support level of 1196.0. The pair is expected to find its first resistance at 1220.90, and a rise through could take it to the next resistance level of 1226.40.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
