Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.15% against the USD and closed at USD1575.50 per ounce, amid a stronger dollar and persistent worries over the coronavirus outbreak.
In the Asian session, at GMT0400, the pair is trading at 1571.40, with gold trading 0.26% lower against the USD from yesterday’s close.
The pair is expected to find support at 1567.57, and a fall through could take it to the next support level of 1563.73. The pair is expected to find its first resistance at 1577.87, and a rise through could take it to the next resistance level of 1584.33.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
