Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.08% against the USD and closed at USD1725.60 per ounce, amid easing of lockdowns restrictions and optimism over a potential coronavirus vaccine.
In the Asian session, at GMT0300, the pair is trading at 1723.90, with gold trading 0.10% lower against the USD from yesterday’s close.
The pair is expected to find support at 1711.53, and a fall through could take it to the next support level of 1699.17. The pair is expected to find its first resistance at 1745.93, and a rise through could take it to the next resistance level of 1767.97.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
