Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.09% against the USD and closed at USD1200.70 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1198.70, with gold trading 0.17% lower against the USD from yesterday’s close.
The pair is expected to find support at 1195.33, and a fall through could take it to the next support level of 1191.97. The pair is expected to find its first resistance at 1202.93, and a rise through could take it to the next resistance level of 1207.17.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
