Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.53% against the USD and closed at USD1225.40 per ounce, amid weakness in global equity markets.
In the Asian session, at GMT0300, the pair is trading at 1226.60, with the gold trading 0.1% higher from yesterday’s close.
The pair is expected to find support at 1221.17, and a fall through could take it to the next support level of 1215.73. The pair is expected to find its first resistance at 1229.87, and a rise through could take it to the next resistance level of 1233.13.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
