Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.92% against the USD and closed at USD1681.40 per ounce, amid signs of slowdown in coronavirus cases in some countries.
In the Asian session, at GMT0300, the pair is trading at 1682.40, with gold trading 0.06% higher against the USD from yesterday’s close.
The pair is expected to find support at 1661.10, and a fall through could take it to the next support level of 1639.80. The pair is expected to find its first resistance at 1713.30, and a rise through could take it to the next resistance level of 1744.20.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
