For the 24 hours to 23:00 GMT, Gold declined 0.77% against the USD and closed at USD1512.70 per ounce, after the US government delayed tariffs on certain Chinese goods.
In the Asian session, at GMT0300, the pair is trading at 1512.10, with gold trading a tad lower against the USD from yesterday’s close.
The pair is expected to find support at 1485.30, and a fall through could take it to the next support level of 1458.50. The pair is expected to find its first resistance at 1542.50, and a rise through could take it to the next resistance level of 1572.90.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.