Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.05% against the USD and closed at USD1780.20 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1776.50, with gold trading 0.21% lower against the USD from yesterday’s close, amid upbeat US manufacturing data and hopes for a potential COVID-19 vaccine.
The pair is expected to find support at 1760.37, and a fall through could take it to the next support level of 1744.23. The pair is expected to find its first resistance at 1800.17, and a rise through could take it to the next resistance level of 1823.83.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
