Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.09% against the USD and closed at USD1225.60 per ounce, as heightened geopolitical tensions around North Korea boosted risk aversion among investors.
In the Asian session, at GMT0300, the pair is trading at 1225.70, with the gold trading marginally higher against the USD from yesterday’s close.
The pair is expected to find support at 1218.30, and a fall through could take it to the next support level of 1210.90. The pair is expected to find its first resistance at 1231.30, and a rise through could take it to the next resistance level of 1236.90.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
