Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.23% against the USD and closed at USD1195.10 per ounce, amid weakness in the greenback and decline in global equities.
In the Asian session, at GMT0400, the pair is trading at 1192.30, with the gold trading 0.23% lower from yesterday’s close.
The pair is expected to find support at 1186.40, and a fall through could take it to the next support level of 1180.50. The pair is expected to find its first resistance at 1202.70, and a rise through could take it to the next resistance level of 1213.10.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
