For the 24 hours to 23:00 GMT, Gold rose 0.39% against the USD and closed at USD1212.90 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1211.10, with gold trading 0.15% lower against the USD from yesterday’s close.
The pair is expected to find support at 1207.67, and a fall through could take it to the next support level of 1204.23. The pair is expected to find its first resistance at 1214.27, and a rise through could take it to the next resistance level of 1217.43.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
