Gold Movement
For the 24 hours to 23:00 GMT, Gold marginally rose against the USD and closed at USD1929.30 per ounce, as the US dollar weakened.
In the Asian session, at GMT0300, the pair is trading at 1946.10, with gold trading 0.87% higher against the USD from yesterday’s close.
The pair is expected to find support at 1893.20, and a fall through could take it to the next support level of 1840.30. The pair is expected to find its first resistance at 1980.00, and a rise through could take it to the next resistance level of 2013.90.
The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.
