Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 1.10% against the USD and closed at USD2012.50 per ounce, as the US dollar weakened and amid rising tension between the US and China.
In the Asian session, at GMT0300, the pair is trading at 2003.40, with gold trading 0.45% lower against the USD from yesterday’s close.
The pair is expected to find support at 1984.20, and a fall through could take it to the next support level of 1965.00. The pair is expected to find its first resistance at 2023.60, and a rise through could take it to the next resistance level of 2043.80.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
