Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.13% against the USD and closed at USD1785.20 per ounce, amid weakness in the US dollar and US-China trade tensions.
In the Asian session, at GMT0300, the pair is trading at 1786.10, with gold trading 0.05% higher against the USD from yesterday’s close.
The pair is expected to find support at 1765.67, and a fall through could take it to the next support level of 1745.23. The pair is expected to find its first resistance at 1799.17, and a rise through could take it to the next resistance level of 1812.23.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
