Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.08% against the USD and closed at USD1483.50 per ounce, amid broad weakness in the US dollar and uncertainty surrounding the US-China trade deal.
In the Asian session, at GMT0400, the pair is trading at 1484.90, with gold trading 0.09% higher against the USD from yesterday’s close.
The pair is expected to find support at 1470.97, and a fall through could take it to the next support level of 1457.03. The pair is expected to find its first resistance at 1493.27, and a rise through could take it to the next resistance level of 1501.63.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
