For the 24 hours to 23:00 GMT, Gold declined 0.74% against the USD and closed at USD1208.00 per ounce, as the US treasuries rose, following the US-Mexico trade agreement.
In the Asian session, at GMT0300, the pair is trading at 1209.90, with gold trading 0.16% higher against the USD from yesterday’s close.
The pair is expected to find support at 1203.57 and a fall through could take it to the next support level of 1197.23. The pair is expected to find its first resistance at 1218.47, and a rise through could take it to the next resistance level of 1227.03.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
