For the 24 hours to 23:00 GMT, Gold declined 0.40% against the USD and closed at USD1231.80 per ounce, amid broad strength in the US dollar.
In the Asian session, at GMT0400, the pair is trading at 1229.60, with gold trading 0.18% lower against the USD from yesterday’s close.
The pair is expected to find support at 1224.83, and a fall through could take it to the next support level of 1220.07. The pair is expected to find its first resistance at 1235.63, and a rise through could take it to the next resistance level of 1241.67.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
