Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally rose against the USD and closed at USD1234.20 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1228.00, with the gold trading 0.5% lower against the USD from yesterday’s close.
The pair is expected to find support at 1224.57, and a fall through could take it to the next support level of 1221.13. The pair is expected to find its first resistance at 1233.47, and a rise through could take it to the next resistance level of 1238.93.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
