Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.19% against the USD and closed at USD1214.00 per ounce, amid a broad weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1217.50, with the gold trading 0.29% higher from yesterday’s close.
The pair is expected to find support at 1210.70, and a fall through could take it to the next support level of 1203.90. The pair is expected to find its first resistance at 1222.60, and a rise through could take it to the next resistance level of 1227.70.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
