Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.08% against the USD and closed at USD1235.50 per ounce, reversing its previous session gains.
In the Asian session, at GMT0400, the pair is trading at 1236.30, with the gold trading 0.06% higher against the USD from yesterday’s close.
The pair is expected to find support at 1231.20, and a fall through could take it to the next support level of 1226.10. The pair is expected to find its first resistance at 1239.40, and a rise through could take it to the next resistance level of 1242.50.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
