Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.06% against the USD and closed at USD1481.10 per ounce, amid weakness in the greenback and uncertainty surrounding the US-China trade deal.
In the Asian session, at GMT0400, the pair is trading at 1480.80, with gold trading marginally lower against the USD from yesterday’s close.
The pair is expected to find support at 1477.30, and a fall through could take it to the next support level of 1473.80. The pair is expected to find its first resistance at 1485.00, and a rise through could take it to the next resistance level of 1489.20.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
