Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.32% against the USD and closed at USD1221.70 per ounce, amid a broad strength in the greenback.
In the Asian session, at GMT0300, the pair is trading at 1222.40, with the gold trading 0.06% higher against the USD from yesterday’s close.
The pair is expected to find support at 1214.27, and a fall through could take it to the next support level of 1206.13. The pair is expected to find its first resistance at 1234.27, and a rise through could take it to the next resistance level of 1246.13.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
