For the 24 hours to 23:00 GMT, Gold declined 0.13% against the USD and closed at USD1180.70 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1183.40, with gold trading 0.23% higher against the USD from yesterday’s close.
The pair is expected to find support at 1176.80, and a fall through could take it to the next support level of 1170.20. The pair is expected to find its first resistance at 1189.50, and a rise through could take it to the next resistance level of 1195.60.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
