Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.84% against the USD and closed at USD1521.20 per ounce, amid ongoing US-China trade tensions.
In the Asian session, at GMT0300, the pair is trading at 1526.20, with gold trading 0.33% higher against the USD from yesterday’s close.
The pair is expected to find support at 1506.03, and a fall through could take it to the next support level of 1485.87. The pair is expected to find its first resistance at 1538.93, and a rise through could take it to the next resistance level of 1551.67.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
