Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.66% against the USD and closed at USD1807.70 per ounce, as increasing coronavirus cases raised doubts over global economic recovery.
In the Asian session, at GMT0300, the pair is trading at 1805.40, with gold trading 0.13% lower against the USD from yesterday’s close.
The pair is expected to find support at 1787.47, and a fall through could take it to the next support level of 1769.53. The pair is expected to find its first resistance at 1817.07, and a rise through could take it to the next resistance level of 1828.73.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
