Gold Movement
For the 24 hours to 23:00 GMT, Gold climbed 1.07% against the USD and closed at USD1965.50 per ounce, as the US dollar weakened and amid growing tensions between the US and China.
In the Asian session, at GMT0300, the pair is trading at 1988.90, with gold trading 1.19% higher against the USD from yesterday’s close.
The pair is expected to find support at 1954.80, and a fall through could take it to the next support level of 1920.70. The pair is expected to find its first resistance at 2011.50, and a rise through could take it to the next resistance level of 2034.10.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
