Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.35% against the USD and closed at USD1733.80 per ounce, after the US dollar strengthened, amid worries on fresh wave of coronavirus infections.
In the Asian session, at GMT0300, the pair is trading at 1738.90, with gold trading 0.29% higher against the USD from yesterday’s close.
The pair is expected to find support at 1716.30, and a fall through could take it to the next support level of 1693.70. The pair is expected to find its first resistance at 1751.40, and a rise through could take it to the next resistance level of 1763.90.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
