Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.21% against the USD and closed at USD1482.70 per ounce, following President, Donald Trump’s impeachment by the US House of Representatives.
In the Asian session, at GMT0400, the pair is trading at 1482.20, with gold trading slightly lower against the USD from yesterday’s close, ahead of the release of US gross domestic product data.
The pair is expected to find support at 1477.60, and a fall through could take it to the next support level of 1473.00. The pair is expected to find its first resistance at 1486.30, and a rise through could take it to the next resistance level of 1490.40.
The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
