Gold Movement
Gold prices traded lower by 0.33% against the USD in the 24 hour period ending 23:00GMT, at 1205.10 per ounce, reversing its previous session gains.
Separately, holdings in the SPDR Gold Trust remained unchanged at 720.02 metric tons.
In the Asian session, at GMT0400, the pair is trading at 1203.10, with the gold trading 0.17% lower from yesterday’s close.
The pair is expected to find support at 1198.30, and a fall through could take it to the next support level of 1193.50. The pair is expected to find its first resistance at 1210.70, and a rise through could take it to the next resistance level of 1218.30.
The yellow metal is trading slightly below its 20 Hr and 50 Hr moving averages.
