Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.15% against the USD and closed at USD1285.00 per ounce, as US-China trade tensions increased demand for safe haven assets.
In the Asian session, at GMT0300, the pair is trading at 1287.20, with gold trading 0.17% higher against the USD from yesterday’s close.
The pair is expected to find support at 1281.40, and a fall through could take it to the next support level of 1275.60. The pair is expected to find its first resistance at 1290.70, and a rise through could take it to the next resistance level of 1294.20.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
