Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 2.14% against the USD and closed at USD1990.60 per ounce, after weaknesses in the US dollar and treasury bond yields.
In the Asian session, at GMT0300, the pair is trading at 2000.90, with gold trading 0.52% higher against the USD from yesterday’s close.
The pair is expected to find support at 1963.73, and a fall through could take it to the next support level of 1926.57. The pair is expected to find its first resistance at 2021.83, and a rise through could take it to the next resistance level of 2042.77.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
