Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.07% against the USD and closed at USD1202.60 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1205.60, with the gold trading 0.25% higher from yesterday’s close.
The pair is expected to find support at 1201.50, and a fall through could take it to the next support level of 1197.40. The pair is expected to find its first resistance at 1209.20, and a rise through could take it to the next resistance level of 1212.80.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
