Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.17% against the USD and closed at USD1203.00 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1199.60, with gold trading 0.28% lower against the USD from yesterday’s close.
The pair is expected to find support at 1193.27, and a fall through could take it to the next support level of 1186.93. The pair is expected to find its first resistance at 1205.37, and a rise through could take it to the next resistance level of 1211.13.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
