Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.56% against the USD and closed at USD1313.90 per ounce, amid strength in the greenback and signs of easing trade conflicts between the US and China.
In the Asian session, at GMT0300, the pair is trading at 1313.90, with gold trading flat against the USD from yesterday’s close.
The pair is expected to find support at 1310.37, and a fall through could take it to the next support level of 1306.83. The pair is expected to find its first resistance at 1319.67, and a rise through could take it to the next resistance level of 1325.43.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
