Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.73% against the USD and closed at USD1762.50 per ounce, as growing concerns about the economic impact increased demand for the safe haven asset.
In the Asian session, at GMT0300, the pair is trading at 1781.50, with gold trading 1.08% higher against the USD from yesterday’s close.
The pair is expected to find support at 1742.13, and a fall through could take it to the next support level of 1702.77. The pair is expected to find its first resistance at 1802.93, and a rise through could take it to the next resistance level of 1824.37.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
