Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.43% against the USD and closed at USD1496.80 per ounce, amid renewed uncertainty over US-China trade deal.
In the Asian session, at GMT0300, the pair is trading at 1498.70, with gold trading 0.13% higher against the USD from yesterday’s close.
The pair is expected to find support at 1491.30, and a fall through could take it to the next support level of 1483.90. The pair is expected to find its first resistance at 1503.80, and a rise through could take it to the next resistance level of 1508.90.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
