Gold Movement
For the 24 hours to 23:00 GMT, Gold traded flat against the USD and closed at USD1204.30 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1207.80, with the gold trading 0.29% higher from yesterday’s close.
The pair is expected to find support at 1199.40, and a fall through could take it to the next support level of 1191.00. The pair is expected to find its first resistance at 1212.20, and a rise through could take it to the next resistance level of 1216.60.
The yellow metal is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
