Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.59% against the USD and closed at USD1743.80 per ounce on Friday, amid rising tensions between the US and China.
In the Asian session, at GMT0300, the pair is trading at 1752.20, with gold trading 0.48% higher against the USD from Friday’s close, on the back of US riots, Hong Kong turmoil.
The pair is expected to find support at 1735.40, and a fall through could take it to the next support level of 1718.60. The pair is expected to find its first resistance at 1762.20, and a rise through could take it to the next resistance level of 1772.20.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
