Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.24% against the USD and closed at USD1488.70 per ounce, amid heightened US-China trade tensions.
In the Asian session, at GMT0300, the pair is trading at 1496.10, with gold trading 0.50% higher against the USD from yesterday’s close.
The pair is expected to find support at 1475.43, and a fall through could take it to the next support level of 1454.77. The pair is expected to find its first resistance at 1509.53, and a rise through could take it to the next resistance level of 1522.97.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
