Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.36% against the USD and closed at USD1191.50 per ounce, as the greenback weakened after Donald Trump provided little hints on future fiscal policies in his first press conference as the US President-elect.
In the Asian session, at GMT0400, the pair is trading at 1197.80, with the gold trading 0.53% higher from yesterday’s close.
The pair is expected to find support at 1183.57, and a fall through could take it to the next support level of 1169.33. The pair is expected to find its first resistance at 1205.47, and a rise through could take it to the next resistance level of 1213.13.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
