Gold Movement

For the 24 hours to 23:00 GMT, Gold rose 0.22% against the USD and closed at USD1213.90 per ounce, amid Brexit turmoil.

In the Asian session, at GMT0400, the pair is trading at 1215.00, with gold trading 0.09% higher against the USD from yesterday’s close.

The pair is expected to find support at 1208.80, and a fall through could take it to the next support level of 1202.60. The pair is expected to find its first resistance at 1219.50, and a rise through could take it to the next resistance level of 1224.00.

The yellow metal is trading above its 20 Hr and 50 Hr moving averages.

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