Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 1.50% against the USD and closed at USD1469.40 per ounce, amid progress towards US-China trade deal.
In the Asian session, at GMT0400, the pair is trading at 1469.80, with gold trading slightly higher against the USD from yesterday’s close.
The pair is expected to find support at 1456.27, and a fall through could take it to the next support level of 1442.73. The pair is expected to find its first resistance at 1488.47, and a rise through could take it to the next resistance level of 1507.13.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
