For the 24 hours to 23:00 GMT, Gold declined 0.33% against the USD and closed at USD1222.40 per ounce on Friday, amid strength in US dollar.
In the Asian session, at GMT0300, the pair is trading at 1225.00, with gold trading 0.21% higher against the USD from Friday’s close.
The pair is expected to find support at 1220.37, and a fall through could take it to the next support level of 1215.73. The pair is expected to find its first resistance at 1228.57, and a rise through could take it to the next resistance level of 1232.13.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
