For the 24 hours to 23:00 GMT, Gold marginally rose against the USD and closed at USD1202.60 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1197.70, with gold trading 0.41% lower against the USD from yesterday’s close.
The pair is expected to find support at 1193.60, and a fall through could take it to the next support level of 1189.50. The pair is expected to find its first resistance at 1205.10, and a rise through could take it to the next resistance level of 1212.50.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
