For the 24 hours to 23:00 GMT, Gold declined 0.27% against the USD and closed at USD1226.40 per ounce on Friday, amid strength in the US dollar.
In the Asian session, at GMT0400, the pair is trading at 1230.10, with gold trading 0.30% higher against the USD from Friday’s close.
The pair is expected to find support at 1224.23, 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 1233.53, and a rise through could take it to the next resistance level of 1236.97.
The yellow metal is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
