Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.42% against the USD and closed at USD1461.90 per ounce, amid renewed optimism over the US-China trade deal.
In the Asian session, at GMT0400, the pair is trading at 1461.20, with gold trading 0.05% lower against the USD from yesterday’s close.
The pair is expected to find support at 1456.77, and a fall through could take it to the next support level of 1452.33. The pair is expected to find its first resistance at 1467.07, and a rise through could take it to the next resistance level of 1472.93.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
