Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.27% against the USD and closed at USD1281.30 per ounce.
In the Asian session, at GMT0300, the pair is trading at 1285.90, with gold trading 0.36% higher against the USD from yesterday’s close, as US-China trade tensions escalate.
The pair is expected to find support at 1281.33, and a fall through could take it to the next support level of 1276.77. The pair is expected to find its first resistance at 1288.63, and a rise through could take it to the next resistance level of 1291.37.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
