For the 24 hours to 23:00 GMT, Gold declined 0.56% against the USD and closed at USD1224.40 per ounce, amid strength in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1218.10, with gold trading 0.51% lower against the USD from yesterday’s close.
The pair is expected to find support at 1212.90, and a fall through could take it to the next support level of 1207.70. The pair is expected to find its first resistance at 1226.90, and a rise through could take it to the next resistance level of 1235.70.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
