For the 24 hours to 23:00 GMT, Gold declined 0.39% against the USD and closed at USD1474.10 per ounce, amid President, Donald Trump, stated that the US and China were close to signing a trade deal.
In the Asian session, at GMT0400, the pair is trading at 1472.10, with gold trading 0.14% lower against the USD from yesterday’s close.
The pair is expected to find support at 1461.20, and a fall through could take it to the next support level of 1450.30. The pair is expected to find its first resistance at 1487.30, and a rise through could take it to the next resistance level of 1502.50.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.