Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.09% against the USD and closed at USD1481.70 per ounce on Friday, following upbeat US economic data and positive developments surrounding the US-China trade deal.
In the Asian session, at GMT0400, the pair is trading at 1484.50, with gold trading 0.19% higher against the USD from Friday’s close.
The pair is expected to find support at 1480.93, and a fall through could take it to the next support level of 1477.37. The pair is expected to find its first resistance at 1486.63, and a rise through could take it to the next resistance level of 1488.77.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
