For the 24 hours to 23:00 GMT, Gold rose 0.40% against the USD and closed at USD1222.40 per ounce on Friday, after weak than expected US non-farm payrolls data.
In the Asian session, at GMT0300, the pair is trading at 1224.20, with gold trading 0.15% higher against the USD from Friday’s close.
The pair is expected to find support at 1214.97, and a fall through could take it to the next support level of 1205.73. The pair is expected to find its first resistance at 1230.97, and a rise through could take it to the next resistance level of 1237.73.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
