Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.22% against the USD and closed at USD1201.40 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1202.60, with gold trading 0.10% higher against the USD from yesterday’s close.
The pair is expected to find support at 1195.07, and a fall through could take it to the next support level of 1187.53. The pair is expected to find its first resistance at 1213.67, and a rise through could take it to the next resistance level of 1224.73.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
