For the 24 hours to 23:00 GMT, Gold rose 0.99% against the USD and closed at USD1720.80 per ounce, amid decline in global equities.
In the Asian session, at GMT0400, the pair is trading at 1723.60, with gold trading 0.16% higher against the USD from yesterday’s close.
The pair is expected to find support at 1704.33, and a fall through could take it to the next support level of 1685.07. The pair is expected to find its first resistance at 1736.13, and a rise through could take it to the next resistance level of 1748.67.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
