Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.22% against the USD and closed at USD1216.50 per ounce, amid increased risk aversion among investors as the release of an email chain by the Donald Trump Jr. sparked fresh political uncertainty in the US.
In the Asian session, at GMT0300, the pair is trading at 1218.70, with the gold trading 0.18% higher against the USD from yesterday’s close.
The pair is expected to find support at 1210.77, and a fall through could take it to the next support level of 1202.83. The pair is expected to find its first resistance at 1223.27, 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.
