Gold prices traded lower by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1201.82 per ounce, amid a broad strength in the greenback. The pair is expected to find support at 1201, and a fall through could take it to the next support level of 1193 The pair is expected to find its first resistance at 1213.03, and a rise through could take it to the next resistance level of 1217.56.

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk