For the 24 hours to 23:00 GMT, Gold declined slightly against the USD and closed at USD1232.00 per ounce on Friday.
In the Asian session, at GMT0300, the pair is trading at 1228.70, with gold trading 0.27% lower against the USD from Friday’s close.
The pair is expected to find support at 1224.50, and a fall through could take it to the next support level of 1220.30. The pair is expected to find its first resistance at 1234.70, and a rise through could take it to the next resistance level of 1240.70.
The yellow metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
