For the 24 hours to 23:00 GMT, Gold declined 0.19% against the USD and closed at USD1228.30 per ounce, amid broad strength in greenback dented demand of safe haven asset.
In the Asian session, at GMT0300, the pair is trading at 1225.70, with gold trading 0.21% lower against the USD from yesterday’s close.
The pair is expected to find support at 1222.03, and a fall through could take it to the next support level of 1218.37. The pair is expected to find its first resistance at 1232.63, and a rise through could take it to the next resistance level of 1239.57.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
