Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.32% against the USD and closed at USD1238.50 per ounce, reversing its previous session losses.
In the Asian session, at GMT0400, the pair is trading at 1233.90, with the gold trading 0.37% lower from yesterday’s close.
The pair is expected to find support at 1231.53, and a fall through could take it to the next support level of 1229.17. The pair is expected to find its first resistance at 1238.23, and a rise through could take it to the next resistance level of 1242.57.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
