Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally declined against the USD and closed at USD1217.80 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1217.2, with the gold trading slightly lower 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 1204.33. The pair is expected to find its first resistance at 1221.87, and a rise through could take it to the next resistance level of 1226.53.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
