Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.73% against the USD and closed at USD1797.70 per ounce, as worries over rising COVID-19 cases increased demand for the safe haven asset.
In the Asian session, at GMT0300, the pair is trading at 1800.20, with gold trading 0.14% higher against the USD from yesterday’s close.
The pair is expected to find support at 1782.00, and a fall through could take it to the next support level of 1763.80. The pair is expected to find its first resistance at 1811.20, and a rise through could take it to the next resistance level of 1822.20.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
