Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.43% against the USD and closed at USD1492.00 per ounce, amid news that the US-China trade deal could be delayed.
In the Asian session, at GMT0400, the pair is trading at 1492.80, with gold trading 0.05% higher against the USD from yesterday’s close.
The pair is expected to find support at 1486.10, and a fall through could take it to the next support level of 1479.40. The pair is expected to find its first resistance at 1497.70, and a rise through could take it to the next resistance level of 1502.60.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
