Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.23% against the USD and closed at USD1512.00 per ounce, amid broad strength in the greenback and progress towards US-China trade deal.
In the Asian session, at GMT0400, the pair is trading at 1507.40, with gold trading 0.30% lower against the USD from yesterday’s close.
The pair is expected to find support at 1503.57, and a fall through could take it to the next support level of 1499.73. The pair is expected to find its first resistance at 1514.17, and a rise through could take it to the next resistance level of 1520.93.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
