Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.38% against the USD and closed at USD1782.30 per ounce on Friday, as a surge in novel coronavirus cases around the world renewed concerns over global economic recovery.
In the Asian session, at GMT0300, the pair is trading at 1786.20, with gold trading 0.22% higher against the USD from Friday’s close.
The pair is expected to find support at 1763.83, and a fall through could take it to the next support level of 1741.47. The pair is expected to find its first resistance at 1798.73, and a rise through could take it to the next resistance level of 1811.27.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
