For the 24 hours to 23:00 GMT, Gold rose 0.17% against the USD and closed at USD1218.80 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1220.40, with gold trading 0.13% higher against the USD from yesterday’s close.
The pair is expected to find support at 1216.37, and a fall through could take it to the next support level of 1212.33. The pair is expected to find its first resistance at 1224.37, and a rise through could take it to the next resistance level of 1228.33.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
