Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.14% against the USD and closed at USD1465.90 per ounce, amid renewed worries over the US-China trade deal ahead of 15 December deadline for fresh US tariffs.
In the Asian session, at GMT0400, the pair is trading at 1464.60, with gold trading 0.09% lower against the USD from yesterday’s close.
The pair is expected to find support at 1462.13, and a fall through could take it to the next support level of 1459.67. The pair is expected to find its first resistance at 1468.43, and a rise through could take it to the next resistance level of 1472.27.
The yellow metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
