Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 2.18% against the USD and closed at USD1456.40 per ounce, after Preside Donald Trump announced additional tariffs on Chinses imports.
In the Asian session, at GMT0300, the pair is trading at 1445.00, with gold trading 0.78% lower against the USD from yesterday’s close.
The pair is expected to find support at 1417.43, and a fall through could take it to the next support level of 1389.87. The pair is expected to find its first resistance at 1467.23, and a rise through could take it to the next resistance level of 1489.47.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
