Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.78% against the USD and closed at USD1484.90 per ounce, amid optimism over US-China trade pact.
In the Asian session, at GMT0400, the pair is trading at 1488.20, with gold trading 0.22% higher against the USD from yesterday’s close.
The pair is expected to find support at 1476.00, and a fall through could take it to the next support level of 1463.80. The pair is expected to find its first resistance at 1505.10, and a rise through could take it to the next resistance level of 1522.00.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
