For the 24 hours to 23:00 GMT, Gold rose 0.34% against the USD and closed at USD1226.70 per ounce, amid weakness in the greenback.
In the Asian session, at GMT0400, the pair is trading at 1227.60, with gold trading 0.07% higher against the USD from yesterday’s close.
The pair is expected to find support at 1221.83, and a fall through could take it to the next support level of 1216.07. The pair is expected to find its first resistance at 1232.13, and a rise through could take it to the next resistance level of 1236.67.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
