For the 24 hours to 23:00 GMT, Gold declined 0.12% against the USD and closed at USD1242.60 per ounce.
In the Asian session, at GMT0400, the pair is trading at 1244.30, with gold trading 0.14% higher against the USD from yesterday’s close.
The pair is expected to find support at 1239.90, and a fall through could take it to the next support level of 1235.50. The pair is expected to find its first resistance at 1247.50, and a rise through could take it to the next resistance level of 1250.70.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
