For the 24 hours to 23:00 GMT, Gold declined 0.09% against the USD and closed at USD1227.80 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1225.10, with gold trading 0.22% lower against the USD from yesterday’s close.
The pair is expected to find support at 1220.27, and a fall through could take it to the next support level of 1215.43. The pair is expected to find its first resistance at 1234.17, and a rise through could take it to the next resistance level of 1243.23.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
